In classical logic a proposition may be true or false. If the former, it is said to take the truth-value true, and if the latter the truth-value false. The idea behind the term is the analogy between assigning a propositional variable one or other of these values, as is done in providing an interpretation for a formula of the propositional calculus, and assigning an object as the value of any other variable. Logics with intermediate values are called many-valued logics.
Philosophy dictionary. Academic. 2011.