Related Terms
Universally or widely accepted, agreed upon, or established means of determining what something should be. Major classifications of this term include: (1) Material or substance whose properties are known with a level of accuracy that is sufficient to allow its use as a physical reference in calibrating or measuring the same properties of another material or substance. (2) Concept, norm, or principle established by agreement, authority, or custom, and used generally as an example or model to compare or measure the quality or performance of a practice or procedure. (3) Written definition, limit, or rule approved and monitored for compliance by an authoritative agency (or professional or recognized body) as a minimum acceptable benchmark.
This is the usual meaning of the plural term (standards). See also specification.

Use 'standard' in a Sentence

The US Dollar is the standard currency accepted in the United States and it's affiliated territories such as Puerto Rico.
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While doing home inspections for the county, I had to operate at the standard set forth by the state level of inspectors.
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To determine the accuracy of the results of the experiment, Bob compared his data to the accepted standard as determined by the scientific community.
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Notable Quotable

How Stardards Affect Markets
"Standardization affects markets in a variety of ways: 1. They generate more value for users. 2. They increase interoperability of products. 3. They enable the overall market to grow faster. 4. They reduce uncertainty for customers and vendors. 5. They reduce customer lock-in. 6. They reduce first-mover advantages. 7. They reduce innovation."
- Tom Murcko
How to Win a Standards Battle
"The keys to winning a standardization battle are the ownership of assets; specifically, the installed base, the intellectual property rights, superior ability to innovate, first-mover advantages, superior manufacturing capability, and brand name and reputation."
- Tom Murcko