I'm going to use the British note-duration names, because I think (certainly at times like this) they are less confusing. In 3 4 time the beat isn't a 'quarter' of anything; it's far easier to say "3 4 time is 3 crotchets per bar"
Here are some normal bars in 4 4 time:
X:1
M:4/4
L:1/4
K:C
C C C C | D D D D | E E E E ||
You ask
Is 3 on 4 like playing 3 notes in a 4/4 piece?
Yes, it's exactly that:
X:1
K:C
M:4/4
L:1/4
%%staves {(RH) (LH)}
V:RH clef=treble
(3:2:3 C2 C2 C2 | (3:2:3 D2 D2 D2 | (3:2:3 E2E2E2 ||
V:LH clef=bass
C, C, C, C, | D, D, D, D, | E, E, E, E, ||
Those treble clef notes are written as minims, but the 3
above is an instruction that they are 'out of time', and you have to look at the context to understand the total time they occupy. By convention, with triplets, the understood total duration is of two of the note-type contained.
And does 4 on 3 mean you play 4 notes in for example 3/4?
You've got it. Here are some normal bars in 3 4 time:
X:1
K:C
M:3/4
L:1/4
C C C | D D D | E E E ||
And here is some "4 on 3" :
X:1
K:C
M:3/4
L:1/4
%%staves {(RH) (LH)}
V:RH clef=treble
(4:3:4CCCC | (4:3:4DDDD | (4:3:4EEEE ||
V:LH clef=bass
C, C, C, | D, D, D, | E, E, E, ||
Typically all such constructs are found only briefly in the middle of otherwise 'in time' music:
X:1
K:C
M:3/4
L:1/4
%%staves {(RH) (LH)}
V:RH clef=treble
CCC | (4:3:4DDDD | EEE ||
V:LH clef=bass
C, C, C, | D, D, D, | E, E, E, ||
but there's nothing to stop someone writing an entire piece like this:
X:1
K:C
M:4/4
L:1/4
%%staves {(RH) (LH)}
V:RH clef=treble
(5:4 CCCCC | (5:4 DDDDD | (5:4 EEEEE ||
V:LH clef=bass
C, C,C,C, | D, D, D,D, | E, E, E, E, ||