The time it takes for something to complete one full orbit.

An orbital period is basically the amount of time it takes an object to make a complete revolutuion along its orbit, for example, Earths orbital period is appx. 365 days. or, as Wikipedia states... The orbital period is the time taken for a given object to make one complete orbit about another object. When mentioned without further qualification in astronomy this refers to the sidereal period of an astronomical object, which is calculated with respect to the stars. There are several kinds of orbital periods for objects around the Sun: * The sidereal period is the time that it takes the object to make one full orbit around the Sun, relative to the stars. This is considered to be an object's true orbital period. * The synodic period is the time that it takes for the object to reappear at the same point in the sky, relative to the Sun, as observed from Earth; i.e. returns to the same elongation (and planetary phase). This is the time that elapses between two successive conjunctions with the Sun and is the object's Earth-apparent orbital period. The synodic period differs from the sidereal period since Earth itself revolves around the Sun. * The draconitic period is the time that elapses between two passages of the object at its ascending node, the point of its orbit where it crosses the ecliptic from the southern to the northern hemisphere. It differs from the sidereal period because the object's line of nodes typically precesses or recesses slowly. * The anomalistic period is the time that elapses between two passages of the object at its perihelion, the point of its closest approach to the Sun. It differs from the sidereal period because the object's semimajor axis typically precesses or recesses slowly. * The tropical period, finally, is the time that elapses between two passages of the object at right ascension zero. It is slightly shorter than the sidereal period because the vernal point precesses. http://en.wikipedia.org/wiki/Orbital_period

It is a period of time to complete a full orbit.