All of those refer to ways of marking the space the object occupies.
In Global, there is a global reference point (0,0,0) and if you move the object, all of the points in the object move.
In Local, the reference point is on the object and all of the points on the object are relative to the local reference. For example, think of a square. If the square is 2 by 2 and the center of the square is 0,0 (yes, I am doing this in 2D space), then each corner of the square in local would be -1,-1 -1,1 1,-1 1,1
The term Natural refers to a coordinate system that is more appropriate to the object. For example, a sphere would have a latitude/longitude system as it natural surface coordinate system