Base Value


Also found in: Dictionary, Thesaurus, Encyclopedia.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Should growth in LNG imports and seasonality of demand exceed expectations, demand for storage capacity would also be expected to rise above estimates in the Base Value Case.
* The base value method designates a base value (obtained from a reputable source) for different categories of raised breeding livestock.
Defendant argued that Brainerd could not determine the amount of project enhancement without first having established a base value for the property as of the announcement of the project and that the only way to do that was to make a formal appraisal as of that date.
of new Change in Total Category animals Base Value Change Calves 8 $400 $3,200 Bred Heifers 1 400 400 Cows 0 200 0 Total $3,600 "Transferred out" refers to the number that transferred to the next age group.
The purpose of this assessment is to set a base value to take the property into liquidation via an auction sale.