Conductivity is a measurement of a material's ability to conduct an electric current. Salinity is a measurement of the dissolved salt content in water. Specific gravity is the ratio of the density of a given solid or liquid substance to the density of water at a specific temperature and pressure.
For our purposes, the end result of all three is the same. It gives us a value of how salty our aquarium water is. The units for conductivity, specific gravity, and salinity are different, but some conductivity meters marketed towards saltwater aquariums even convert units to give you a specific gravity or a salinity reading.