Plain English Meaning
An altitude the pilot picks themselves while flying by visual reference, following the standard rule that matches your altitude to the direction you're heading.
Full Definition
An altitude or flight level flown under Visual Flight Rules, selected by the pilot in accordance with the VFR cruising altitude rules of 14 CFR 91.159. Under those rules, when operating above 3,000 feet AGL in level cruising flight, the pilot chooses an altitude based on magnetic course: odd thousands plus 500 feet (e.g., 5,500; 7,500) for courses 0° through 179°, and even thousands plus 500 feet (e.g., 6,500; 8,500) for courses 180° through 359°.
Context Anchor
Seen when a pilot cancels an instrument flight plan and continues the trip under visual flight rules.