Plain English Meaning
It is simply the airspeed number you see on the dial in front of you — the raw reading, with nothing adjusted or corrected.
Full Definition
Indicated Airspeed (IAS) is the speed shown directly on the airspeed indicator (ASI) in the cockpit, before any corrections are applied for instrument error, position error, air density, or compressibility. It reflects the dynamic pressure sensed by the pitot-static system at the moment of reading.
Context Anchor
You will see IAS in performance speed discussions, aircraft manuals, checklists, and cockpit speed callouts where is expected to fly the number shown on the airspeed indicator.