What is the common translation and understanding of the phrase 'Allahu Akbar'?

And is the aforementioned common translation and understanding of the phrase 'Allahu Akbar' completely accurate?

If not, then what should be the correct understanding of the phrase 'Allahu Akbar' according to a tradition of Imam Sadiq (A)?

In this Scholar Clip, Shaykh Farukh Sekaleshfar relays the words of the 6th divinely appointed Imam (A), where his eminence speaks about "The Meaning of Allahu Akbar"

Allahu Akbar, indeed!

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