Base Value

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Base Value

An often arbitrary figure used as the initial value of an index. All future values of the index are comparisons against the base value. For example, suppose an index is formed in 2001 and its base value is 100. If the index is 150 in 2009, it means that its value is 50% higher in 2009 than it was in 2001. It is also called the index number. See also: Base Year.
References in periodicals archive ?
If one purchased after '91, one is somewhere in between in base values.
The benefits of a 1975 base value are obscene, and to make matters even worse we have other voter-approved propositions that allow these extremely low bases to be passed from generation to generation or from location to location.
Future debt service coverage is very strong on a gross revenue basis and solid on a net revenue basis (excluding maintenance tax revenues), assuming moderate growth in port revenues, tax base values, and operating expenses, allowing the port to pursue early debt retirement if so desired.