Ping is a tool used to test connectivity. You ping a server or website and it will send 4 packets to that server or website and wait for a response. It will tell you if there is any packet loss and the latency in milliseconds of how long it took to get a response back from the server.
Latency is a term to describe the time between input and output. It is used in a lot of areas. Online it is used to determine the time it takes to get a response from the server after you have sent a request. The lower this is the better. In games the lower the latency the more of an advantage you typically have as you will be receiving information faster.
Jitter is similar to latency except it is used to describe when there is a difference in time...