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base year
(redirected from Reference Year)

   Also found in: Encyclopedia 0.01 sec.
Base Year
The year against which the performance of an index is measured. For example, suppose the base year is 2001 and the initial value of an index is 100. If the index is 150 in 2009, it means that the value of the index is 50% higher in 2009 than it was in 2001. It is also called the reference year. See also: Base Value.

base (expense) year

In commercial leases, the year used as a measure of a tenant's obligation to pay the pro rata share of ever-increasing building expenses over time.The rent for the first year is usually calculated by the landlord so as to pay currently known building expenses and provide a profit. This is usually the base year. As expenses increase over time, the amount they exceed the expenses of the base year is the figure the landlord uses to calculate the tenant's pro rata share of the expenses.



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The chained-dollar values for the detailed GDP components will not necessarily sum to the chained-dollar estimate of GDP (or to any intermediate aggregate) in a table, because the relative prices that are used as weights for any period other than the reference year differ from those of the reference year.
1280) measured 20 PCB congeners in serum from surgically confirmed endometriosis cases newly diagnosed between 1996 and 2001 and from female controls matched for age and reference year.
It amounts to a reduction of around four percent compared with the more widely used reference year of 1990.
 
 
 
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