parameter
noun [ C usually plural ]
uk/pəˈræmɪtər/ usa set of facts which describes and puts limits on how something should happen or be done:
The report defines the parameters of best practice at a strategic, operational, and process level within an organization.
within the parameters of sth We must work within the parameters of the law.
parameters for/around sth The parameters for establishing the fund are vague.
broad/clear/general paramaters Policies create clear parameters and make it easier to manage everyday business life.
define/establish/set parameters It is important to set paramaters for working hours that are reasonably flexible.
performance/price/risk parameters The company has been asked to explain the performance parameters of their scheme.
financial/investment parameters The new investment parameters of the investment fund will allow investors to rebalance their portfolios.