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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.
Latency is the speed needed to complete a task online. Whenever Internet users click on a link, input a Web address or open a browser, the time they spend waiting in between clicking and achieving is latency. Latency is determined by a number of factors that affect the speed it takes to load an online request.