Use this 50K trimmer (variable resistor) to tweak settings on a circuit that will not need to be changed often. These trimmers typically get adjusted only to optimize some needed setting. Use it to resist current, or as a voltage divider.
Just like a potentiometer, this trimmer has a wiper that adjusts the resistance from one side to the other. There are three leads. The center lead is the wiper and the other leads are the range of resistance.
If you were to measure the resistance from the two range leads, you would get the total 50K resistance in ohms. If you were to measure from the center lead (wiper) to one of the other leads, you would see the proportion of resistance from the position of the wiper to that lead and the other lead would contain the remaining resistance.