Meaning of BENCHMARK in English

BENCHMARK

I. bench ‧ mark 1 /ˈbentʃmɑːk $ -mɑːrk/ BrE AmE noun [countable]

something that is used as a standard by which other things can be judged or measured:

benchmark data

The valuation becomes a benchmark against which to judge other prices.

benchmark for

figures that are a useful benchmark for measuring the company’s performance

benchmark of

results that are used as a benchmark of success

II. benchmark 2 BrE AmE verb [transitive]

to use a company’s good performance as a standard by which to judge the performance of other companies of the same type

benchmark somebody/something against something

British Steel is benchmarked against the best operations anywhere in the world.

—benchmarking noun [uncountable]

Longman Dictionary of Contemporary English.      Longman - Словарь современного английского языка.