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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.
The true definition of latency and the latency equation. At a basic level, latency refers to the time delay between when a command is entered and executed. It's the gap between the two. Because latency is all about this gap, it's important to understand what happens after a command is issued.