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In terms of network latency this can be defined by the time it takes for a request to travel from the sender to the receiver and for the receiver to process that request. In other words, the round trip time from the browser to the server.
Definition - What does Latency mean? Latency is a networking term to describe the total time it takes a data packet to travel from one node to another. In other contexts, when a data packet is transmitted and returned back to its source, the total time for the round trip is known as latency. Latency refers to time interval or delay when a system component is waiting for another system component to do something. This duration of time is called latency.