A standard by which something can be judged or decided. In a typical context, there is more than one criterion under consideration and thus the plural 'critieria' is more commonly encountered.
Use 'criterion' in a Sentence
The Board of Directors had strong opinions about the merger, but for Zachary, the only criterion that mattered was exactly how much money he would receive.
Based on your job application submitted to our company, we we feel the criterion demonstrated in your previous occupation is of the highest regard.
The criterion for success of the new product was that it would sell at least 5,000 units before the autumn of 2014.
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