Legal Definitions - benchmark

Definition: A benchmark is a standard unit that is used as a basis for comparison.

Example 1: In the world of finance, the S&P 500 index is often used as a benchmark to compare the performance of different investment portfolios.

Example 2: In the field of computer hardware, benchmark tests are used to compare the performance of different processors or graphics cards.

These examples illustrate how a benchmark is used as a standard unit of measurement to compare different things. In finance, the S&P 500 index is used as a benchmark to compare the performance of different investment portfolios. In computer hardware, benchmark tests are used to compare the performance of different processors or graphics cards. By using a benchmark, we can easily see which option is better or worse than the others.