Hhhmmm...traveling waves? I seem to recall a lesson about this in one of my power systems class several decades ago...maybe I can "translate" what I remember...hope this rambling helps in some way.
When you have a source of energy that somehow has produced a wave in a string, I presume several scenarios are possible.
First, the string is not massless or friction less and so, with a long enough string or rope the wave will eventually dissipate and not even reach the end of the rope.
With a "short" rope and a free end ("zero impedance"), I thought the wave would disappear (this is what I seem to recall for electrical traveling waves, anyway), but maybe with the whipping at the (non-massless) rope end reflects some of the wave back?...don't know.
With a "short" rope and the other end firmly tied to a post ("infinite impedance"), the wave is supposed to reflect back at 180 degrees out of phase...meaning, if the wave hump is going say along the top of the horizontal and it hits the post, it comes back along the bottom of the horizontal.
With "impedance" values in between zero and infinite, the wave is supposed to reflect some and refract some...for example, say you have a thin string tied to a thick string...a wave coming along the thin string reaching the tie will "see" a change in "impedance"...part of the wave will propagate (refract) to the thick string, excite it and produce a wave there, though smaller...and part of the wave will reflect back through the thin string itself (kind of similar as with the post but much smaller scale).
hope this helps in some way