Propagation delay is a technical term that can have a different meaning depending on the context. It can relate to networking, electronics or physics. In general it is the length of time taken for the quantity of interest to reach its destination.
In computer networks, propagation delay is the amount of time it takes for the head of the signal to travel from the sender to the receiver. It can be computed as the ratio between the link length and the propagation speed over the specific medium.
Propagation delay is equal to d / s where d is the distance and s is the wave propagation speed. In wireless communication, s=c, i.e. the speed of light. In copper wire, the speed s generally ranges from .59c to .77c. This delay is the major obstacle in the development of high-speed computers and is called the interconnect bottleneck in IC systems.
In electronics, digital circuits and digital electronics, the propagation delay, or gate delay, is the length of time which starts when the input to a logic gate becomes stable and valid to change, to the time that the output of that logic gate is stable and valid to change. Often on manufacturers' datasheets this refers to the time required for the output to reach 50% of its final output level when the input changes to 50% of its final input level. Reducing gate delays in digital circuits allows them to process data at a faster rate and improve overall performance. The determination of the propagation delay of a combined circuit requires identifying the longest path of propagation delays from input to output and by adding each tpd time along this path.
The difference in propagation delays of logic elements is the major contributor to glitches in asynchronous circuits as a result of race conditions.