performance

  

Definition

The accomplishment of a given task measured against preset known standards of accuracy, completeness, cost, and speed. In a contract, performance is deemed to be the fulfillment of an obligation, in a manner that releases the performer from all liabilities under the contract.

Use performance in a sentence

  • Annual or bi-annual reviews of performance can help employees confirm that they are on the right track for career development and are completing their work productively and efficiently.

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