Basically, it's saying that maxPeriod has a default value of UINT_MAX. Rather than writing it as UINT_MAX, the author used his knowledge of complements to calculate the value.
If you want to make the code a bit more readable in the future, include
and change the call to read
unsigned int Order(unsigned int maxPeriod = UINT_MAX) const
Now to explain why ~0 is UINT_MAX. Since we are dealing with an int, in which 0 is represented with all zero bits (00000000). Adding one would give (00000001), adding one more would give (00000010), and one more would give (00000011). Finally one more addition would give (00000100) because the 1's carry.
For unsigned ints, if you repeat the process ad-infiniteum, eventually you have all one bits (11111111), and adding another one will overflow the buffer setting all the bits back to zero. This means that all one bits in an unsigned number is the maximum that data type (int in your case) can hold.
The "~" operation flips all bits from 0 to 1 or 1 to 0, flipping a zero integer (which has all zero bits) effectively gives you UINT_MAX. So he basically the previous coded opted to computer UINT_MAX instead of using the system defined copy located in