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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 (pronounced: laÂ·tenÂ·cy) is the amount of time it takes a data packet to travel from point A to point B. Together, bandwidth and latency define the speed and capacity of a network. Latency is usually expressed in milliseconds and can be measured using a ping command from your computer.