Definitions (2)

1. A standard, used for comparison. For example, the Nasdaq may be used as a benchmark against which the performance of a technology stock is compared.
2. A permanently affixed mark that establishes exact elevation; surveyors use benchmarks to measure site elevations or as starting points for surveys.

Use benchmark in a sentence

The company determined it was on pace to reach its yearly sales goals after surpassing third quarter benchmark figures set from previous years' performances.

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