What Does Latency Mean?
Latency is a perceived or actual delay in response time.
Techopedia Explains Latency
In data communication, digital networking and packet-switched networks, latency is measured in two ways: one-way trip and round trip. One-way latency is measured by counting the total time it takes a packet to travel from its source to its destination. Round-trip latency is measured by adding the time it takes the packet to arrive back at the source. Unlike one-way latency, round-trip latency always excludes processing time at the destination point.