undefined means a variable has been declared but has not yet been assigned a value :

var testVar;
console.log(testVar); //shows undefined
console.log(typeof testVar); //shows undefined

null is an assignment value. It can be assigned to a variable as a representation of no value :

var testVar = null;
console.log(testVar); //shows null
console.log(typeof testVar); //shows object

From the preceding examples, it is clear that undefined and null are two distinct types: undefined is a type itself (undefined) while null is an object.

Proof :

console.log(null === undefined) // false (not the same type)
console.log(null == undefined) // true (but the "same value")
console.log(null === null) // true (both type and value are the same)

and

null = 'value' // Uncaught SyntaxError: invalid assignment left-hand side
undefined = 'value' // 'value'

The problem is that undefined compared to null using == gives true. The common check for undefined is therefore done like this:

typeof x == "undefined"

this ensures the type of the variable is really undefined.