In general, Mediums refer to products that are added to acrylic paint to change its basic characteristics like slow the drying time, make the paint more liquid so it flows better, make the paint thicker for impasto (built up textures) work, or to glaze over a previously painted & dry element.
Slo-Dri , Flow Aid and glazing medium are products all the major paint companies manufacture. I use Floetrol by Flood (Home Depot or Lowe’s) for most of this because I also use it in paint pouring and always have it on hand. All of these additives must be added very carefully to keep from thinning the paint too much (more about that when we discuss techniques of painting.
For texture mediums, there are many on the market of all different consistencies and with other additives like sand, glitter, etc. I sometimes use painter’s Spackle (Home Depot) for this and add my own texturizing materials.
There is one more Category to discuss and that is Finishes (to protect and preserve the finished painting. I use Minwax Polycrylic (matte, satin, semi-gloss, & gloss). I’ve tried others & find that the Polycrylic flows on nicely without brush strokes and gives a beautiful finish.