I think its more of a ground connection, though putting a signal through it is interesting I guess.
In the strictest sense then I guess you are right
I was thinking more along the lines of prototyping, where it might not be practical to have a 'ground plane' for a circuit. The strap can get around much better. Something between a bus bar and a ground return
i.e. in my empire antenna with its preselector transformer, they used a carefully cut copper sheet inside of the 'chassis' to get RF performance from something that is not a circuit board. IIRC it was connected to rotary switches and had a interesting shape. But if I were to try to build something like that, it seems like being able to use braid would be alot better then figuring out how to make that copper...
When I built a loop antenna a long time ago, you needed to make a connection from the antenna ends to a circuit board. Of course wire works, but I think if they sold it, it would have had carefully cut and formed copper sheet to connect to the board. But braid could be used here too with less work. I just don't know how exactly it compares.