For transients they typically talk about other measurements. Eye diagrams are often used for such measurements.
While they are steady state, there are some intricacies involved about where the reflections occur in terms of the device under test (DUT). That is, the measurement device (network analyzer) is connected via transmission line to a port on the the DUT. A proper measurement takes into account the possible measured reflections of the input ports and transmission lines used. For example, the input port on the DUT may not be matched to the impedance of the DUT itself. A naive measurement would include the effects of the port mismatch and so forth. However, in the end result has the DUT itself modeled as a blackbox network of ports as futuristicmonkey stated.