Amount of time between when a signal is sent and a sound is heard, measured in milliseconds.

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Setting up (negative?) midi delay in ableton

When tapping a simple beat on my MPD24 controller in Ableton Live on a Macbook, the notes sound fine when I play them, but as the clip repeats, they seem to play too early. I must admit I am an utter ...
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Lowest-Latency in Guitar/Vocal software-based effects?

What is (roughly) the lowest real-world latency achievable for the "roundtrip" from a guitar/mic input through realtime software-based processing and out to the speakers? - Bonus questions: What ...