base period

base period
Etymology: base (III)
: a period of business or economic activity used as a basis or reference point especially for indexing, calculating, estimating, or adjudicating prices, taxes, compensation, income, and production

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a period of time used as a standard of comparison in measuring changes in prices, taxes, income, etc., at other periods of time.

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base period,
Commerce. a period of normal or average business activity, used as a basis of comparison for calculating an increase or decline in prices, wages, taxes, and other statistical data for any given year: »

It cost the typical family $11.04 last month to buy goods and services that cost $10 in the base period (New York Times).

Useful english dictionary. 2012.

Look at other dictionaries:

  • Base period —   The period of time for which data used as the base of an index number, or other ratio, have been collected. This period is frequently one of a year but it may be as short as one day or as long as the average of a group of years. The length of… …   Energy terms

  • Base Period — A particular time period for which data is gathered and used as a benchmark against which economic data from other periods is measured. Also referred to as reference period. Think of this as a yardstick for economic data. For example, if a price… …   Investment dictionary

  • base period — That period of time for which factors were determined for use in current planning and programming …   Military dictionary

  • base period — a period of time used as a standard of comparison in measuring changes in prices, taxes, income, etc., at other periods of time. * * * …   Universalium

  • base period — A particular period of time used for comparative purposes when measuring economic data. Bloomberg Financial Dictionary …   Financial and business terms

  • base period — 1. A period of time that serves as a framework or starting point for financial or operational analysis. 2. A specific date from which an index is calculated. Comparisons of *inflation rates and the *market values of *securi ties are often… …   Auditor's dictionary

  • Reference Base Period — A year in which the Consumer Price Index is equal to 100, a reference base period that serves as a benchmark for future periods, allowing economists to judge levels of inflation. Currently, the reference base period is set between 1982 and 1984.… …   Investment dictionary

  • time base period — skleidimo periodas statusas T sritis automatika atitikmenys: angl. scanning cycle; time base period vok. Abtastzyklus, m; Zeitachsenperiode, f rus. период развертки, m pranc. période de balayage, f; période d exploration, f …   Automatikos terminų žodynas

  • base rate — Also known as the repo rate. The rate set by the Bank of England which determines how much other banks and building societies pay for loans they take out from the Bank of England. The base rate in turn affects the minimum rate at which banks are… …   Law dictionary

  • base — n Base, basis, foundation, ground, groundwork are comparable when meaning something on which another thing is reared or built or by which it is supported or fixed in place. Base may be applied to the lowest part or bottom of something without… …   New Dictionary of Synonyms