Plain English Meaning
It is the official FAA permission slip an operator must hold before its pilots are allowed to use an Enhanced Flight Vision System to continue an instrument approach below normal minimums. Without this authorization on file, the EFVS cannot be used that way, even if the airplane has the equipment installed.
Full Definition
An FAA-issued Management Specification authorization, identified by paragraph code C073, that permits a Part 91K, 121, 125, or 135 operator to use an approved Enhanced Flight Vision System (EFVS) to descend below the published Decision Altitude, Decision Height, or Minimum Descent Altitude on an instrument approach, down to 100 feet above the touchdown zone elevation, without the natural-vision visibility references that would otherwise be required at minimums.