Plain English Meaning
A code you put on your flight plan, right after the aircraft type, that tells ATC your airplane has an approved GPS for IFR flying and a transponder that reports altitude.
Full Definition
An aircraft equipment suffix, appended to the aircraft type on an IFR flight plan, indicating that the aircraft is equipped with a GPS (or GNSS) navigation system that meets the FAA's required performance standards for IFR use, in addition to a Mode C transponder.