Benchmark
/ˈbɛnʧˌmɑrk/
Definitions
- (n.) A standard or point of reference against which things may be compared or assessed.
The company used market leaders as a benchmark to measure its performance.
- (v.) To evaluate or compare something against a standard or point of reference.
We benchmarked our data security practices against industry standards.
Forms
- benchmarked
- benchmarking
Related terms
See also
Commentary
In legal drafting, 'benchmark' can specify objective criteria for performance or compliance, enhancing clarity and enforceability.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.