Implicit vs Explicit vs Fluent Wait

Question

What is difference in between Implicit, Explicit, Fluent Wait ?

If we set 10 seconds in Implicit wait and before 10 seconds, within 3 seconds only element get locate

Answer 1

If we set 10 seconds in Implicit wait and before 10 seconds, within 3 seconds only element get located.

That time it will proceed further and not wait for set time..