What does the "Email Opt Out" field mean while creating a contact?

What does the "Email Opt Out" field mean while creating a contact?

In Email marketing, an "opt-out button" may be included to notify the sender that the recipient wishes to receive no further emails. When you enable the Email Opt Out field, the corresponding contact will be removed from your mailing lists and will not receive any emails from your client management system account. 

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