Instantaneous phase and frequency
In 1922, according to Nahin, John Renshaw Carson defined the instantaneous frequency of a signal "as the time derivative of the signal's phase angle." In frequency modulation, instantaneous frequency describes the frequency varying above and below the carrier frequency, at the audio tone frequency. Instantaneous phase and frequency are important concepts in signal processing that occur in the context of the representation and analysis of time-varying functions.
Source: Wikipedia — Instantaneous phase and frequency (CC BY-SA 4.0)