This document describes a standard set of network characteristics that are useful for Grid applications and services as well as a classification hierarchy for these characteristics. The goal of this work is to identify the various types of network measurements according to the network characteristic they measure and the network entity on which they are taken. This document defines standard terminology to describe those measurements, but it does not attempt to define new standard measurement methodologies or attempt to define the best measurement methodologies to use for grid applications. However, it does attempt to point out the advantages and disadvantages of different measurement methodologies. This document was motivated by the need for the interchange of measurements taken by various systems in the Grid and to develop a common dictionary to facilitate discussions about and specifications for measurement systems. The application of this naming system will facilitate the creation of common schemata for describing network monitoring data in Grid Monitoring and Discovery Services, and thus help to address portability issues between the wide variety of network measurements used between sites of a Grid.