The "braces" are making an object literal, i.e. they create an object. It is one argument.
Example:
function someFunc(arg) {
alert(arg.foo);
alert(arg.bar);
}
someFunc({foo: "This", bar: "works!"});
the object can be created beforehand as well:
var someObject = {
foo: "This",
bar: "works!"
};
someFunc(someObject);
I recommend to read the MDN JavaScript Guide - Working with Objects.