level set

Noun

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

Translations

 * German: Niveaumenge

Verb

 * 1)  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

 * 1)  An event consisting of level setting
 * 2)  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.

Synonyms

 * agreement

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