It is as you suspected the weight of each individual corner and is a very important part of the handleing of the car from these you can find, front/rear bias,side to side bias(partically on ovals) you use it as the basic start point for weight transfer.
It can be adjusted by a variety of means but most common are either physically moving weight in the car items such as batteries,fire bombs,driver,fuel cell etc or by adjusting the hieghts of the spring platforms bu packers under the spring or adjustable spring seats.
You need either a set of scales(longacre etc) if scales are unavailable you can use a public weigh bridge and some time but I would be suspect as to the accuracy of this method
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