Standard, or a set of standards, used as a point of reference for evaluating performance or level of quality. Benchmarks may be drawn from a firm's own experience, from the experience of other firms in the industry, or from legal requirements such as environmental regulations.

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  • The school established a benchmark system to make sure all of its students were achieving at least minimal levels of knowledge and skills.

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  • A man's ability to keep his word even though there is no legal document, is a benchmark of his good character.

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  • A new benchmark was set for the football team when weakest member benched 200 pounds, therefore setting the expectations for all other teammates to bench at least that amount.

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