They mean the mouse communicates an absolute position (relative to some arbitrary 0,0 the mouse decides upon) instead of a relative direction.
Dongle can then take latest coord packet and diff it against previous coord packet to get a relative coord to pass via HID to the system.
If the RF packets are lost, some latency occurs but the dongle still has the previous mouse coord and can make a fairly accurate correction once a packet gets thru (get's from A to D, but might skip points B+C).
It could send a "reset 0,0" packet of some form in this case, but now reception of that packet becomes critical to continuing to properly communicate motion to the attached computer.
I am not sure which dongles make these corrections, but my experience with dongles is worse than bluetooth. Typically, a mouse is very close to the bluetooth antenna of a computer, and I have not really experienced any sort of connection issues due to missing packages etc. In contrast, I have had tons of issues with usb dongles due to usb interference.
(psa: none of Chinese ADNS-2610 clones have the raw pixel output debug command. Maybe security implications or maybe something else, either way, mouse-as-microscope hacks don't work on sensors extracted from e-wastes)
I'd think it would also be possible to get around congestion problems by using tricks such as multiple channels and/or interference detection on top of BLE. But only Logitech knows how Bolt actually works.