modulo
/ˈmɒdjʊləʊ/
preposition
- (mathematics) Given a specified modulus of.
- : (colloquial) Except for differences accounted for by.
- : (extended use) With due allowance for (a specified exception or particular detail).
I would say something like "$a$ is equivalent [or congruent] to $b$ mod $n$"—"mod" here being pronounced to rhyme with "rod" or "pod" etc. Some people say "equal" instead of "equivalent"; as long as the "mod $n$" part is there, it doesn't much matter.
It just now occurred to me that you also asked what the term "modulus" or "modulo" means. Practically, if we say that
$$ a \equiv b \bmod n $$
we mean that $a$ and $b$ both leave the same remainder when divided by $n$; that is, there exist integer values $p$, $q$, and $r$ such that
$$ a = pn + r $$ $$ b = qn + r $$ $$ 0 \leq r < n $$
It's called "modular" arithmetic from Latin modulus "little measure"; the implication is that the modulus $n$ is what you use to measure out the quantities $a$ and $b$. What's left (if anything) is the same in either case.
$a$ is congruent to $b$ modulo $n$.
It means that they have the same remainder when you divide them by $n$, or shortly:
$$n\ \text{ divides }\ b-a$$
The "meaning", roughly, is that $a$ and $b$ become "equivalent" if you consider $n$ to be "equivalent" to $0$.
Just like $90$ and $-270$ are equivalent if you consider $360$ to be the same as $0$... if that rings a bell.