Actually, it means neither. The exact usage of the processor is determined by all kinds of things, not just wait functions. You should regard the wait function as simply that - it finishes executing X ms after it was called. What it does in those X ms is irrelevant, although it does serve to minimize CPU usage, because without it, LV will try to run a loop as fast as possible. You should note that during those X ms LabVIEW might still use the processor (e.g. if you have other code which needs to execute).
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