standards
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There are many interpretations of the word "standard" or "standards" across many organizations.
The definition (http://www.answers.com/topic/standard) that perhaps best fits the use of the terms "standard" or "standards" with respect to microformats is the following:
"Something, such as a practice or a product, that is widely recognized or employed, especially because of its excellence."
"standard." The American Heritage® Dictionary of the English Language, Fourth Edition. Houghton Mifflin Company, 2004. Answers.com 28 Dec. 2007. http://www.answers.com/topic/standard
