Meaning of the word "processing time" in English

What does "processing time" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

processing time

US /ˈprɑː.ses.ɪŋ taɪm/
UK /ˈprəʊ.ses.ɪŋ taɪm/

Noun

the amount of time required to process something, such as data, an application, or an order

Example:
The bank's loan application processing time can take up to two weeks.
Reducing the data processing time is crucial for real-time analytics.