benchmark

American  

[bench-mahrk] / ˈbɛntʃˌmɑrk /

Or bench mark

noun

1. a standard of excellence, achievement, etc., against which similar things must be measured or judged.

   The new hotel is a benchmark in opulence and comfort.

2. any standard or reference by which others can be measured or judged.

   The current price for crude oil may become the benchmark.

3. Computers. an established point of reference against which computers or programs can be measured in tests comparing their performance, reliability, etc.

4. Surveying. Usually bench mark a marked point of known or assumed elevation from which other elevations may be established. BM

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adjective

1. of, relating to, or resulting in a benchmark.

   benchmark test, benchmark study.

verb (used with object)

1. to test (something) in order to develop a standard.

   IT benchmarked the new software.

2. to measure (something) against a standard.

   executive salaries benchmarked against the industry.

benchmark British  

/ ˈbɛntʃˌmɑːk /

noun

1.  BM.  a mark on a stone post or other permanent feature, at a point whose exact elevation and position is known: used as a reference point in surveying

2. 1. a criterion by which to measure something; standard; reference point

   2. ( as modifier )

      a benchmark test

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verb

1. to measure or test against a benchmark

   the firm benchmarked its pay against that in industry

Etymology

Origin of benchmark

First recorded in 1835–45; bench + mark ¹

Example Sentences

Here’s a breakdown of how the 11 sectors of the large-cap U.S. benchmark index have performed on the same basis:

From MarketWatch

Warsh, who must still be confirmed by Congress, is expected to push the Fed to lower its benchmark rate in 2026.

From MarketWatch

While the bolívar remains the official currency, the dollar serves as an alternative and benchmark, with both an official exchange rate and a “parallel,” free-market value.

From Los Angeles Times

Trading on the LME, which sets benchmark prices for a range of commodities including copper and aluminum, was offline for roughly one hour.

From The Wall Street Journal

The central bank held its benchmark short-term rate steady at its meeting this week, pausing after three consecutive cuts last year.

From The Wall Street Journal

Related Words

• criterion
• gauge
• standard
• yardstick