- Parameter
- A representation that characterizes a part of a model ( e.g. a growth rate), the value of which is determined outside of the model. See: exogenous variable. The New York Times Financial Glossary
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a set of fixed limits that control the way something is done:• Business lawyers advise clients on the legal parameters within which economic activity must operate.
• The agency now plans to propose a rule that would set parameters for exchange markets.
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parameter UK US /pəˈræmɪtər/ noun [C usually plural]► a 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.
Financial and business terms. 2012.