This document defines cloud computing and provides a taxonomy for cloud service and deployment models. It describes the five essential characteristics of cloud computing as on-demand self-service, broad network access, resource pooling, rapid elasticity, and measured service. It outlines three cloud service models - Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS). It also describes four deployment models for operating cloud services - Private cloud, Community cloud, Public cloud, and Hybrid cloud. The purpose is to establish a common framework for understanding and comparing cloud computing technologies and services.