level set

Noun

level set (plural level sets)

1. (analysis) The set of values x for which a real-valued function f(x) is equal to a given constant.

Verb

level set (third-person singular simple present level sets, present participle level setting, simple past and past participle level setted)

1. (business) To establish a baseline of mutual understanding

   "Before we start the negotiation, let's level set until we all agree on a starting point."

Noun

level set (plural level sets)

1. (business) An event consisting of level setting
2. (business) A state of mutual understanding among parties

   "We need to have a level set before we can go on, just so we're all on the same page."

Usage notes

This concept is sometime used during major transitions in a business, to make sure all parties agree on a starting position, and so that their subsequent actions are coordinated.

Not to be confused with the mathematical term of the same spelling: level set.