Quasar

one of a number of star-like heavenly bodies which are very distant from Earth and which give out light. They are extremely compact and give out light even though they are vast distances away, up to 10¹⁰ light years.

Taken from Dictionary of Science

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A quasi-stellar radio source (quasar) is a very energetic and distant galaxy with an active galactic nucleus. Quasars were first identified as being high redshift sources of electromagnetic energy, including radio waves and visible light, that were point-like, similar to stars, rather than extended sources similar to galaxies.

While there was initially some controversy over the nature of these objects—as recently as the early 1980s, there was no clear consensus as to their nature—there is now a scientific consensus that a quasar is a compact region in the centre of a massive galaxy surrounding the central supermassive black hole. Its size is 10-10,000 times the Schwarzschild radius of the black hole. The quasar is powered by an accretion disc around the black hole.

Taken from Wikipedia