Plain English Meaning
The switch in the cockpit that turns the engine's ignition on or off and lets the pilot test each ignition system separately.
Full Definition
The cockpit control, usually a key-operated rotary switch, that selects which of the airplane's magnetos are providing electrical current to the spark plugs. Typical positions are OFF, R (right magneto only), L (left magneto only), BOTH, and START. When the switch is OFF, both magnetos are grounded and cannot fire the engine.