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Definitions of precisely what an APT is can vary, but can be summarized by their named requirements below:

Advanced – Operators behind the threat have a full spectrum of intelligence gathering techniques at their disposal. These may include computer intrusion technologies and techniques, but also extend to conventional intelligence gathering techniques such as telephone interception technologies and satellite imaging. While individual components of the attack may not be classed as particularly “advanced” (e.g. malware components generated from commonly available do-it-yourself malware construction kits, or the use of easily procured exploit materials), their operators can typically access and develop more advanced tools as required. They often combine multiple targeting methods, tools and techniques in order to reach and compromise their target and maintain access to it. Operators may also demonstrate a deliberate focus on operational security that differentiates them from "less advanced" threats.

Persistent – Operators give priority to a specific task, rather than opportunistically seeking information for financial or other gain. This distinction implies that the attackers are guided by external entities. The targeting is conducted through continuous monitoring and interaction in order to achieve the defined objectives. It does not mean a barrage of constant attacks and malware updates. In fact, a “low-and-slow” approach is usually more successful. If the operator loses access to their target they usually will reattempt access, and most often, successfully. One of the operator's goals is to maintain long-term access to the target, in contrast to threats who only need access to execute a specific task.

Threat – APTs are a threat because they have both capability and intent. APT attacks are executed by coordinated human actions, rather than by mindless and automated pieces of code. The operators have a specific objective and are skilled, motivated, organized and well funded.

From Wikipedia: Advanced Persistent Threat

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