What is the Windows Network Adapter IP address? How does this work?

Is this a subnet address, with an implied mask based on the first number?
i.e. if the first number is in the range 0-127, then the mask is 255.0.0.0 and the remaining 3 numbers are ignored?
So in this example the first number is 94, so any TCP/IP traffic with a destination address starting with 94 would be directed to this adapter?
And if the first number is in the range 128-191, then the mask is 255.255.0.0 the remaining 2 numbers are ignored?
If the Network Adapter IP address was 132.99.1.2, any message with destination IP address starting with 132.99 would be directed to this adapter?
Likewise, first number 192-223, mask is 255.255.255.0, last number is ignored?
If the Network Adapter IP address was 199.10.9.8, any message with destination IP address starting with 199.10.9 would be directed to this adapter?
Am I understanding this Network Adapter IP address correctly?
Most of my IP addresses are in the form of 10.x.y.z, but the mask can be between /23 and /30. I have over 100 individual network segments in the 10.0.0.0/8 IP space.