Plain English Meaning
The fastest speed at which it is safe to raise the wheels after takeoff or during a go-around. Above this speed, the airflow is too strong and can damage the gear or the parts that move it.
Full Definition
The maximum airspeed at which the landing gear can be safely raised into its retracted position, as published in the Airplane Flight Manual or Pilot's Operating Handbook. Operating the gear retraction mechanism above this speed can damage the gear doors, actuators, or supporting structure due to excessive airloads.
Context Anchor
You will see this during go-around procedures, takeoff climb procedures, and in the airplane’s operating handbook for -gear airplanes.