Merriam-Webster dictionary defines standard as: 1) a conspicuous object (as a banner) formerly carried at the top of a pole and used to mark a rallying point especially in battle or to serve as an emblem 2) something established by authority, custom, or general consent as a model or example 3) something set up and established by authority as a rule for the measure of quantity, weight, extent, value, or quality 4) the fineness and legally fixed weight of the metal used in coins 5) the basis of value in a monetary system 6) a structure built for or serving as a base or support