The book presents a thoroughly elaborated logical theory of generalized truth-values understood as subsets of some established set of (basic) truth values. After elucidating the importance of the very notion of a truth value in logic and philosophy, examine some possible ways of generalizing this notion. The useful four-valued logic of first-degree entailment by Nuel Belnap and the notion of a bilattice (a lattice of truth values with two ordering relations) constitute the basis for further generalizations.