What do you mean by lazy property in iOS?

Lazy properties are properties whose initial value isn't computed until the first time they are used. Including the lazy modifier/keyword before the declaration of a stored property indicates it is lazy. This lets you delay the initialization of stored properties. This could be a great way to streamline your code and reduce unnecessary work. When a code is expensive and unlikely to be called consistently, a lazy variable can be a great solution. 
 
Example : 
class Person { 
var name: String
lazy var personalizdgreeting : String = {  
      return “HelloScala \(self.name)!”  
}() 
init(name: String) { 
           self.name = name 
            } 
}
 
As shown above, we aren't sure what value personalizedgreeting should have. To know the correct greeting for this person, we need to wait until this object is initialized.