Federal Information Processing Standard definition in Computer Security terms:
Definition(s): A standard for adoption and use by federal departments and agencies that has been developed within the Information Technology Laboratory and published by the National Institute of Standards and Technology, a part of the U.S. Department of Commerce. A FIPS covers some topic in information technology in order to achieve a common level of quality or some level of interoperability.
Source(s): NIST SP 800-161 (NIST SP 800-64 Rev. 2)
reference: CSRC Glossary