Flight level Regulation

Flight level means a level of constant atmospheric pressure related to a reference datum of 29.92 inches of mercury. Each is stated in three digits that represent hundreds of feet. For example, flight level 250 represents a barometric altimeter indication of 25,000 feet; flight level 255, an indication of 25,500 feet.

14 CFR 1.1 · the regulation governs
Also defined in 1 more source

A measure of altitude (in hundreds of feet) used by aircraft flying above 18,000 feet with the altimeter set at 29.92 "Hg.

Guidance: Pilot's Handbook of Aeronautical Knowledge, p. G-12