base period
noun
a period of time used as a standard of comparison in measuring changes in prices, taxes, income, etc., at other periods of time.
Words nearby base period
base on balls, base pair, base pairing, base path, base pay, base period, base price, base rate, base rate fallacy, base runner, base speed
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British Dictionary definitions for base period
base period
noun
statistics a neutral period used as a standard for comparison in constructing an index to express a variable factor: 100 is usually taken as the index number for the variable in the base period
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
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