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From The Free On-line Dictionary of Computing (05 January 2017) [foldoc]:
least fixed point
A function f may have many fixed points (x
such that f x = x). For example, any value is a fixed point
of the identity function, (\ x . x).
If f is recursive, we can represent it as
f = fix F
where F is some higher-order function and
fix F = F (fix F).
The standard denotational semantics of f is then given by
the least fixed point of F. This is the least upper bound
of the infinite sequence (the ascending Kleene chain)
obtained by repeatedly applying F to the totally undefined
value, bottom. I.e.
fix F = LUB bottom, F bottom, F (F bottom), ....
The least fixed point is guaranteed to exist for a
continuous function over a cpo.
(2005-04-12)