My first thought was that this term doesn't require a formal definition in the standard, as it can be inferred just by using the English language, that is, a translated translation unit is just the object file produced by the compiler from its correspondent translation unit. But I'm not sure if this is the correct interpretation given the the text in [lex.phases]/1.8, as shown below:
Translated translation units and instantiation units are combined as follows: [ Note: Some or all of these may be supplied from a library. — end note ] Each translated translation unit is examined to produce a list of required instantiations. [ Note: This may include instantiations which have been explicitly requested (14.7.2). — end note ] The definitions of the required templates are located. It is implementation-defined whether the source of the translation units containing these definitions is required to be available. [ Note: An implementation could encode sufficient information into the translated translation unit so as to ensure the source is not required here. — end note ] All the required instantiations are performed to produce instantiation units. [ Note: These are similar to translated translation units, but contain no references to uninstantiated templates and no template definitions. —end note ] The program is ill-formed if any instantiation fails.