Straight timing is where the beat is split into equal subdivisions.
I only know it because my daughter one day showed up saying she finally found out how they do it like she discovered the recipe of the Elixir of Life. xD
Correct!
It is most often written into music in a jazz piece, when the music is to switch between a swing timing, which makes the music bounce a bit, to a straight timing, which is just the music as written