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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.
Measuring Network Latency. Network tools like ping tests and traceroute measure latency by determining the time it takes a given network packet to travel from source to destination, and back - called round-trip time. Round-trip time is not the only way to measure latency but it is the most common. Quality of Service (QoS) features of home and business networks are designed to help manage both bandwidth and latency together to provide more consistent performance.