The delay between, say, playing your keyboard and hearing the sound. One factor contributing to latency is the I/O buffer size.
Link mode
A mode that determines the relationship of one window to another. Clicking the Link button toggles the Link mode.
local menu
The place where the functions of the currently active window can be found.
locators
Indicators displayed to the right of the Transport buttons in the Transport window. You can define locator points for the cycle (on the left-hand side) and autodrop zones (on the right-hand side). Cycle locators themselves are referred to as left and right locators. The left cycle locator is on the top; the right cycle locator is on the bottom.
Loop
A Region parameter. When the Loop function is on, the Region will repeat until it encounters another Object on the same track in the Arrange window, the end marker of a folder, or the end marker of a song.