Since Handlebars.js can have different expression/rendering logic in the template, these expressions are typically processed during runtime. For better performance and smaller dependency, the templates can be pre-compiled before deployment. For example, here is a simple handlebar template:
<div class="entry">
  <h1>{{title}}</h1>
  <div class="body">
    {{body}}
  </div>
</div>
And here is the pre-compiled output
(function() {
var template = Handlebars.template, templates = Handlebars.templates = Handlebars.templates || {};
templates['test.handlebar'] = template(function (Handlebars,depth0,helpers,partials,data) {
helpers = helpers || Handlebars.helpers;
var buffer = "", stack1, foundHelper, functionType="function",   escapeExpression=this.escapeExpression;
buffer += "<div class=\"entry\">\r\n  <h1>";
foundHelper = helpers.title;
if (foundHelper) { stack1 = foundHelper.call(depth0, {hash:{}}); }
else { stack1 = depth0.title; stack1 = typeof stack1 === functionType ? stack1() : stack1; }
buffer += escapeExpression(stack1) + "</h1>\r\n <div class=\"body\">\r\n    ";
foundHelper = helpers.body;
if (foundHelper) { stack1 = foundHelper.call(depth0, {hash:{}}); }
else { stack1 = depth0.body; stack1 = typeof stack1 === functionType ? stack1() : stack1; }
buffer += escapeExpression(stack1) + "\r\n  </div>\r\n</div>";
return buffer;});
})();
More info about pre-compiling can be found here