lag. 1. the time elapsing between application of a stimulus and the resulting reaction. 2. the early period after inoculation of bacteria into a culture medium, in which the growth or cell division is slow. lag of accommodation the extent to which the eyes fail to focus accurately.
http://medical-dictionary.thefreedictionary.com/time+lags
However, there may be time lags for a number of reasons. 1  Fixed interest rates for borrowing and saving. 2  Consumers may have a fixed rate mortgage. 3  This means interest payments are fixed for say 2 years.
http://www.economicshelp.org/blog/glossary/time-lags/
anaphase lag delayed movement during anaphase of one homologous chromosome in mitosis or of one chromatid in meiosis, so that the chromosome is not incorporated into the nucleus of one of the daughter cells; the result is one normal cell and one cell with monosomy. jet lag see jet lag.
http://medical-dictionary.thefreedictionary.com/time+lags
Lag due to network delay is in contrast often less of a problem. Though more common, the actual effects are generally smaller, and it is possible to compensate for these types of delays. Without any form of lag compensation, the clients will notice that the game responds only a short time after an action is performed.
https://en.wikipedia.org/wiki/Lag
AAA |. The time lag between when an actual economic shock, such as sudden boom or bust occurs, and when it is recognized by economists, central bankers and the government.
http://www.investopedia.com/terms/r/recognition_lag.asp
Time lags can make policy decisions more difficult. It is estimated interest rate changes take up to 18 months to have the full effect. This means monetary policy needs to try and predict the state of the economy for upto 18 months ahead. In practise this is difficult.
http://www.economicshelp.org/blog/glossary/time-lags/
DEFINITION of 'Recognition Lag'. The time lag between when an actual economic shock, such as sudden boom or bust occurs, and when it is recognized by economists, central bankers and the government. The recognition lag is studied in conjunction with implementation lag and response lag, two other measures of time lags within an economy.
http://www.investopedia.com/terms/r/recognition_lag.asp
But, the specific characteristics of the game matter. For example, fast chess is a turn-based game that is fast action and may not tolerate high lag. And, some twitch games can be designed such that only events that don't impact the outcome of the game introduce lag, allowing for fast local response most of the time.
https://en.wikipedia.org/wiki/Lag
Although lag may be caused by high latency, it may also occur due to insufficient processing power in the client(Screen-lag). Screen-Lag can also happened in single player games as well. The tolerance for lag depends heavily on the type of game.
https://en.wikipedia.org/wiki/Lag
In economics we often see a delay between an economic action and a consequence. This is known as a time lag. An impact of time lags is that the effect of policy may be more difficult to quantify because it takes a period of time to actually occur.
http://www.economicshelp.org/blog/glossary/time-lags/
time lags definition
time lags definition is between application of a stimulus and the resulting reaction. Time Lags refers to the time elapsing between application of a stimulus and the resulting reaction.