The Von Neumann universe reference article from the English Wikipedia on 24-Jul-2004
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Von Neumann universe

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In axiomatic set theory and related branches of mathematics, the Von Neumann universe, or Von Neumann hierarchy of sets is the class of all sets, divided into a transfinite hierarchy of individual sets.

This may be defined by transfinite recursion as follows:

. .

If ω is the set of natural numbers, then Vω is the set of hereditarily finite sets, which is a model of set theory without the axiom of infinity. Vω+ω is the universe of "ordinary mathematics", which is a model of Zermelo set theory. If k is an inaccessible cardinal, then Vk is a model of Zermelo-Fraenkel set theory itself.

Note that every individual stage Va is a set, but their union V is a proper class. The sets in V are called hereditarily well-founded sets; the axiom of foundation guarantees that every set is hereditarily well founded. Given any set A, the smallest ordinal number i such that A belongs to Vi is the hereditary rank of A.