Meaning of the word "set a new record" in English

What does "set a new record" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

set a new record

US /sɛt ə nuː ˈrɛkərd/
UK /sɛt ə njuː ˈrɛkɔːd/

Phrase

to achieve the best result ever recorded in a particular field or activity

Example:
The athlete managed to set a new record in the long jump.
The company hopes to set a new record for sales this quarter.