The term 'Global Positioning System' (GPS) is a satellite-based navigation system that provides location and time information in all weather conditions, anywhere on or near the Earth. The acronym 'GLOBAL POSITIONING FIG.' stands for Global Positioning System Fixed Installation Group, which is a group of GPS receivers that are permanently installed in a fixed location. The three-letter acronym 'LAT' stands for Latitude, which is one of the coordinates used to pinpoint a location on the Earth's surface.