Plain English Meaning
The lowest height and visibility you're allowed to descend to on a GPS approach when you're using the most accurate type of GPS guidance, which gives you both side-to-side and up-and-down course information, much like an ILS.
Full Definition
The lowest decision altitude and visibility values published on an RNAV (GPS) approach chart for the LPV line of minimums, which is flown using WAAS-augmented GPS to provide both lateral and vertical guidance with accuracy similar to an ILS. LPV minimums require an approach-approved WAAS receiver and are flown to a decision altitude (DA), not a (). LPV is not a by definition, but it is treated operationally like one because it provides an .