According to the American Association of State Highway and Transportation Officials' (aka AASHTO) A Policy on Geometric Design of Highways and Streets (aka the Green Book), "Sight Distance is the length of roadway ahead visible to the driver. The minimum sight distance available on a roadway should be sufficiently long to enable a vehicle traveling at or near the design speed to stop before reaching a stationary object in its path." In an attempt to demystify my industry - it means that a motorist should be able to see cars, deer, kids, etc. at an intersection in enough time to stop before hitting them.
Here is a picture from the corner of my block showing exactly how the sight distance is violated. This row of hedges makes it so you can't see around the corner. For high speed roadways, there are a series of technical calculations in the Green Book that engineers go through to figure out the design of the road and the triangles at intersection corners that need to remain clear of objects that will block the view.
I drew up a quick rule of thumb here for residential neighborhoods: go 30 feet in each direction from the corner, draw an imaginary line from those points, and keep this imaginary triangle clear of things that will block the view of oncoming traffic. This is a pretty clear cut way to improve the safety in our neighborhoods.