level set noun 3verb 1forms 2 noun3 •The set of values x for which a real-valued function f(x) is equal to a given constant. •A state of mutual understanding among partiesWe need to have a level set before we can go on, just so we're all on the same page. •An event consisting of level setting verb1 •To establish a baseline of mutual understandingBefore we start the negotiation, let's level set until we all agree on a starting point. formslevel setting · level sets