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A standard by which something can be measured or judged: "Inflation . . . is a great distorter of seemingly fixed economic ideas and benchmarks” ( Benjamin M. Friedman). See Synonyms at standard.
(noun)
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A surveyor's mark made on a stationary object of previously determined position and elevation and used as a reference point in tidal observations and surveys.
(noun)
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To measure (a rival's product) according to specified standards in order to compare it with and improve one's own product.
(verb-transitive)
American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.