Base year

 

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Base year

The year used as the basis for comparison by a price index such as the CPI. The index for any year is the average of prices for that year compared to the base year; e.g., 110 means that prices are 10% higher than in the base year. The base year is also the year whose prices are used to value something in real terms or after adjusting for inflation.



Similar Matches

Base rate

Base rate

The lowest rate at which a bank will charge interest.Banks usually charge at a stipulated figure 'above base rate', and the figure will depend on all sorts of circumstances to do with the loan and the borrower.If the base rate rises, then usually the rate of interest charged on the loan will rise as well to preserve the differential. If it falls, so will the rate on the loan. Thus, a loan at '4% above base rate' will be 10% if the base rate is 6%, and will rise to 11% of the base rate rises to 7%.


Market based forecasting

Market based forecasting

Analyzing future spot rates on the basis of a market-determined exchange rate (such as the current spot rate or forward rate).


Base rate tracker mortgage

Base rate tracker mortgage

A mortgage in which the rate of interest paid by the borrower follows movements in the base rate.


Basel Accord

Basel Accord

Agreement concluded among country representatives in 1988 in Switzerland to develop standardized risk-based capital requirements for banks across countries.


Base currency

Base currency

Applies mainly to international equities. Currency in which gains or losses from operating an international portfolio are measured.


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Cashed Based
Narrow Based
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Bank based corporate governance system


 
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