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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 and delay Latency is a term that is usually used with clocks .. clock latency is the delay between 2 points along one clock net .. in other words, if you consider a long clock net with some tab point along it .. then the delay between a certain point and another point on that net defines the latency .. For the Delay, it's a general word that works with any net ..