Plain English Meaning
It is simply the speed number you see on the airspeed dial in front of you, exactly as the instrument displays it, with no corrections applied.
Full Definition
The airspeed shown directly on the airspeed indicator in the cockpit, uncorrected for installation error, instrument error, or variations in air density due to altitude and temperature. It reflects the dynamic pressure sensed by the pitot-static system at the moment of reading.
Context Anchor
You use IAS constantly in normal flying, especially for takeoff, climb, , , and staying within published speed limits.