How to cancel the current request in Ajax?

Current request in AJAX is cancelled when the user performs an action which sets of an Ajax request. This can be depicted with the help of auto-complete functionality for a search box where users can be helped with related search terms based on their current input, by making an AJAX request each time they pass a key in search field. The user types faster than the Ajax request and you would want to abort any non-finished requests, before starting the next one.