Pinch-off
Beginner
When the path of electrons under the gate gets squeezed to nothing at the far end, so more push stops adding current.
Novice
When reaches , the gate-to-drain voltage falls to the threshold and the channel vanishes at the drain end. Carriers still cross the short depleted gap, but the current no longer grows with .
Expert
Occurs at , i.e. in the long-channel model. The pinch-off point moves toward the source as rises, which shortens the effective channel: that is channel-length modulation.
Explained in The I-V curve (Transistors).
See also: Saturation region, Channel-length modulation (CLM).