Perimeter or perimeter means the outer boundary of a particular space or a plot of land--
Tell the guard to secure the perimeter.
What is the perimeter of a rectangle that is 3 feet long and 2 feet wide?
Parameter or parameter means a measure or limit that defines a system, or that controls how something operates--
Age is a useful parameter for a marketing campaign.
Many people see political dissent as a parameter of economic satisfaction.
Now that you know that, you can say--
"Our budget is the most important parameter; can we afford a wall around the perimeter?"
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