Power system loads have a significant impact on a system. Although it is difficult to precisely describe loads in a mathematical model, accurately modeling them is important for a system analysis. The traditional load modeling method is based on the load components of a bus. Recently, the load modeling method based on measurements from a system has been introduced and developed by researchers. The two major components of a load modeling problem are determining the mathematical model for the target system and estimating the parameters of the determined model. We use the composite load model, which has both static and dynamic load characteristics. The ZIP model and the induction motor model are used for the static and dynamic load models, respectively. In this work, we propose the measurement-based parameter estimation method for the composite load model. The test system and related measurements are obtained using transient security assessment tool(TSAT) simulation program and PSS/E. The parameter estimation is then verified using these measurements. Cases are tested and verified using the sample system and its related measurements.