It basically means how an external point on a straight line with respect to 2 points on that same straight line(However the external point does not lie in between the 2 points,that is why it is external) divides them in a certain ratio.
Suppose the distance of 2 points A and B from The so called external point X be a and b respectively.So ratio is a/b.
Hope you got it.Do ask if you have any doubts.