Input Monitoring
Input monitoring means listening to the input signal after it travels through the effects while preparing to record or while recording. This allows you to listen to the effects that your WaveLab Pro setup has on your input signal.
Depending on your effect chain, audio hardware, and drivers, the monitored signal can have latency.
You can choose to monitor the signal going through the audio montage and its effects, or you can use Direct Monitoring, which means listening directly to the input signal before it is sent through WaveLab Pro and its effects. Direct Monitoring has a lower latency than monitoring the input signal. Direct Monitoring is activated by default.