The effective uid of this process. For example:
$< = $>; # set real to effective uid
($<,$>) = ($>,$<); # swap real and effective uids
You can change both the effective uid and the real uid at the same time by using POSIX::setuid(). Changes to $> require a check to $! to detect any possible errors after an attempted change.
$< and $> can be swapped only on machines supporting setreuid().
Mnemonic: it's the uid you went to, if you're running setuid.