Preceding-Year Basis

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Also found in: Acronyms.

Preceding-Year Basis

In budgeting and other estimates, the practice of using the previous year's numbers as guidance. For example, if a company's expenses from salaries were $2 million in 2009, it may estimate that they will be in the range of $2 million in 2010. However, one may make adjustments to account for changes from the previous year.
References in periodicals archive ?
PYB uses a tool that helps students digest the information from their assessment and turn it into actionable items as they complete each phase of the program.
The PYB series meets CISPR22/EN55022 Class B standards with limited external components.
In the event of the merger, additional distributions would be made to shareholders of PYB to cause PYB's estimated net asset value as of the effective date of the merger to be substantially equivalent to $20.
The merger is conditioned on, among other requirements, receipt of a satisfactory fairness opinion by PYB and approval by the shareholders of PYB.
27 700,000 550,451 91% 93% PYB Partners Preferred Yield II Inc.
700,000 512,351 PYB Partners Preferred Yield II, Inc.
600,000 478,551 PYB Partners Preferred Yield II Inc.
PyBs also closely follow citizens who protest unlawful practices of the government holding demonstrations in front of the courthouses of provinces in addition to symposiums organized by civil society organizations critical of the government.