In the context of a parallel transport defined on a surface it refers to the dependency on the path of a parallel transported vector:
In @needham2021visual page 245 appears this classical example:
More formally, the holonomy of a closed loop on a surface is the net rotation of a tangent vector to that is parallel transported along . Since the angle of two parallel transported vectors remains constant (see parallel transport), we may think of the holonomy as the rotation of the whole tangent plane. It does not depends on where do we begin on .
It turns out that the holonomy around a loop coincides with the total curvature inside the loop (for the moment, @needham2021visual page 246). The Gaussian curvature is ultimately equal to the holonomy per unit area.
Local chart
Also, given a chart for such that the metric is given in it by
then the holonomy of a simple loop coincides with the circulation of the vector field
along :
On a vector bundle with a connection
See @baez1994gauge page 238.
Consider a vector bundle with a vector bundle connection. Given a path from to , and , let denote the parallel transport of from to . Since the differential equation defining the parallel transport is linear, the map
is linear, and it is called the holonomy of along .
See the relation to the curvature of the connection here.