Voltage regulator

[2] A voltage regulator (VR) is an electric component regulating voltage that creates and maintains or convert to higher/lower a fixed output voltage for another circuit, irrespective of changes to Vin or load conditions. It can either increase or 

VRs keep the voltages from a power supply a range compatible to other electric components. While VR are often for DC/DC power conversion, some can do AC/AC or AC/DC power conversion.

VRs use 3 pins, the input, ground, and output.