Three-state Logic Gates
Three-state, or 3-state, logic gates are a type of logic gates that have three states of the output: high (H), low (L) and high-impedance (Z). The high-impedance state plays no role in the logic, which remains strictly binary. These devices are used on buses also known as the Data Buses of the CPU to allow multiple chips to send data. A group of three-states driving a line with a suitable control circuit is basically equivalent to a multiplexer, which may be physically distributed over separate devices or plug-in cards.
In electronics, a high output would mean the output is sourcing current from the positive power terminal (positive voltage). A low output would mean the output is sinking current to the negative power terminal (zero voltage). High impedance would mean that the output is effectively disconnected from the circuit.
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