WebElement myDynamicElement = (new WebDriverWait(driver, 10))
.until(ExpectedConditions.presenceOfElementLocated(By.id("myDynamicElement")));
This waits up to 10 seconds before throwing a TimeoutException or if it finds the element will return it in 0 - 10 seconds. WebDriverWait by default calls the ExpectedCondition every 500 milliseconds until it returns successfully. A successful return is for ExpectedCondition type is Boolean return true or not null return value for all other ExpectedCondition types.
WebDriverWait wait = new WebDriverWait(driver, 10);
WebElement element = wait.until(ExpectedConditions.elementToBeClickable(By.id("someid")));
Element is Clickable - it is Displayed and Enabled.