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PERFORMANCE definition: 1. how well a person, machine, etc. does a piece of work or an activity: 2. the action of. Learn more. There are two types of job performances: contextual and task. Task performance is dependent on cognitive ability, while contextual performance is dependent on personality. [2] Task performance. The meaning of PERFORMANCE is the execution of an action. How to use performance in a sentence. There are 13 meanings listed in OED's entry for the noun performance, two of which are labelled obsolete. See Meaning & use for definitions, usage, and quotation evidence.