Final answer:
The lateral position refers to a person lying on their side, with the torso and limbs aligned horizontally.
Step-by-step explanation:
The term lateral position refers to a position where the person is lying on their side, with their torso and limbs aligned horizontally. It is often used in medical settings, such as during surgeries, to ensure proper access and visibility. The other options mentioned in the question, like standing with limbs extended or lying supine, do not match the description of the lateral position.