Mutency is what occurs when one is dialed in to a conference call and hangs out on mute. When the individual is asked a question and there is silence for a few seconds before he or she answers, this latency is known as mutency
Person 1: Hey Bill, when is that deal coming to closure
Person 1: Bill? Bill? You there? ... Maybe he dropped out.
Person on Mute: .............................. Should be next month, sorry for the late response, I was on mute.
Person 1: Ahhh, mutency.