valuestandard
nounUK /ˈvæljuː ˈstændəd/
US /ˈvæljuː ˈstændərd/
A value standard is a rule for deciding how good or important something is.
The teacher used a value standard to grade our projects fairly.
OTHER MEANINGS
2. A level of worth used to compare prices or costs.
The appraiser set a value standard for the old coins.
3. A shared belief that guides how a group behaves.
Honesty is a value standard in our family.
4. An official rule used to check if something is safe or correct.
The factory must meet the value standard for clean water.