Plain English Meaning
A propeller whose blades twist on their own to keep the engine spinning at the rpm the pilot selected, no matter what the airplane is doing.
Full Definition
A propeller equipped with a governor that automatically adjusts blade pitch to maintain a pilot-selected engine rpm across varying flight conditions and power settings. As airspeed, altitude, or throttle position change, the blades rotate to a flatter or coarser angle so that engine speed stays at the chosen value.