what does ternary mean in reference javascript code example

Example 1: ternary function javascript

var variable;
if (condition)
  variable = "something";
else
  variable = "something else";

//is the same as:

var variable = condition ? "something" : "something else";

Example 2: javascript ternary operator

//ternary operator example:
var isOpen = true; //try changing isOpen to false
var welcomeMessage  = isOpen ? "We are open, come on in." : "Sorry, we are closed.";