Just trying to understand the use of the term "local flow", and if it has some sort of physical counterpart.
Let $X$ be a differentiable vector field on a differentiable manifold $M$, and let $p \in M$. Then there exist a neighborhood $U \subset M$ of $p$, an interval $(-\delta,\delta)$, $\delta > 0$ and a differentiable mapping $\varphi : (-\delta,\delta) \times U \to M$ such that the curve $t \to \varphi(t,q)$, $t\in (-\delta,\delta)$, $q \in U$, is the unique curve which satisfies $$ \frac{\partial \varphi}{\partial t} = X(\varphi(t,q)) $$ and $\varphi(0,q) = q$. A curve $\alpha : (-\delta,\delta) \to M$ which satisfies $\alpha'(t) = X(\alpha(t))$ and $\alpha(0) = q$ is called a trajectory of the field $X$ that passes through $q$ for $t = 0$. The theorem above guarantees that for each point of a certain neighborhood there passes a unique trajectory of $X$ and that the mapping so obtained depends differentiably on $t$ and on the initial condition $q$. It is common to use the notation $\varphi_t(q) = \varphi(t,q)$ and call $\varphi_t : U \to M$ the local flow of $X$.
Apart from the rigorous discussion of the paragraph above, I was literally trying to understand the name "local flow". Is there a specific meaning behind this terminology? something which is very intuitive maybe.
We can think of the flow in the context of ODEs in $\mathbb{R}^n$. Fix $E$ open, $f\in C^1(E)$. For $x_0\in E,$ let $\varphi(t,x_0)$ denote a solution to $\dot{x}=f(x),\ x(0)=x_0$, defined on a maximal interval of existence. Then, we can define a one-parameter family $\varphi_t$ via $\varphi_t(x_0)=\varphi(t,x_0)$, which we call of the flow of the ODE.
This can be looked at in a few ways. First, we can fix an initial condition, in which case this defines a solution curve through $x_0$. So, for a fixed initial condition, the trajectory can be visualized as motion along a curve through your initial condition. You can also this of the initial condition as varying in a set $E'\subset E$, in which case the map $\varphi_t$ can be visualized as the motion of all of the points in $E'$ (think of a set being "transported"). A nice way to think about this is to view an ODE as describing the motion of a fluid, in which case a trajectory is the motion of a particle in the fluid, and the flow is the motion of the fluid itself.