What does error "wsagetlasterror 10060" refer to?

Does wsagetlasterror 10060 mean connection refused, timed out, closed(no response from other party)?
Cause when scanning my lan hosts i keep getting some open ports & some i keep getting the error 10060 ..... So i think 10060 doesn't strictly means TIMED OUT ONLY, the connection may has been refused, or no response were given back.

I need to hear from you! Just to be confident of what i know...

Am i right or Wrong?

Thanks
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F-J-KAsked:
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jkrConnect With a Mentor Commented:
The explanation by MS:
# for decimal 10060 / hex 0x274c :
  WSAETIMEDOUT                                                  winerror.h
# A connection attempt failed because the connected party did
# not properly respond after a period of time, or established
# connection failed because connected host has failed to
# respond.

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F-J-KAuthor Commented:
Straight to the point
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