A malt drink is a fermented drink in which the primary ingredient is the grain, or seed, of the barley plant, which has been allowed to sprout slightly in a traditional way called "malting" before it is processed.
By far the most predominant malt drink is beer (naturally fermented barley sugars flavored with hops), of which there are two main styles: ale and lager. A low alcohol level drink brewed in this fashion is technically identical to "non-alcoholic beer". Such a drink may be prepared by using a slightly altered brewing process that yields negligible alcohol (technically less than 0.5% by volume). These are called low-alcohol beers or "near beers".
In the United States, the term "malt beverage" may be used by trade associations of groups of beer wholesalers. Additionally, the term malt beverage is applied to many other flavored drinks prepared from malted grains to which natural or artificial flavors (and sometimes colors) have been added to make them taste and appear similar to wines, fruits, colas, natural ciders, or other drinks. This subcategory has been called "malternative", as in Smirnoff Ice (US and French version), or "maltini", as in 3SUM, which also has energy components like caffeine. In most jurisdictions, these products are regulated in a way identical to beer, which allows a retailer with a beer license to sell a wider product line. This also generally avoids the steeper taxes and stricter regulations associated with distilled spirits.