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What's the purpose of the WaitOnLocks? What does it do?

I noticed that in Borland's Driver the WaitOnLocks accepts a Boolean value like:

WaitOnLocks=False

In CoreLab's readme, I see that it accepts something like the isolation level:

WaitOnLocks
Use this option to set WaitOnLocks paramater for default transaction.

SQLConnection1.Params.Values['WaitOnLocks'] := 'ReadCommited';
SQLConnection1.Connected := True;

Is it right or is a mistake in the readme?
If this is right, what are the options?

This is the mistake in the ReadMe file. The Core Lab driver accepts True and False values in the WaitOnLocks option.