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1. Comparative measure.

A measure stated on a standardised basis, to enable comparison.

For example, an effective annual rate.

2. Standards of performance - quantitative.

A quantified standard of performance set by the market (such as stock market index) or by an institutional investor (such as an internally developed benchmark) against which investment performance, or other performance, can be managed and tracked.

3. Standards of performance - qualitative.

A standard of performance including less readily quantified measures, such as satisfaction.

4. Interest rates.

An officially published rate of interest, from which a rate of interest payable or receivable is calculated.

For example, SONIA.

A related rate of interest payable might be SONIA + 1%.

5. Interest rates.

More broadly, any rate of interest, from which another rate of interest payable or receivable is calculated.

6. Market price.

A market price for a widely traded quality and quantity of a commodity, used as a reference price in a contract.

For example, the price per barrel of Brent crude oil.

See also

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