base period

Also found in: Dictionary, Financial, Encyclopedia.

base pe·ri·od

(bās pēr'ē-ŏd)
12-month time duration divided into quarters.
References in periodicals archive ?
Higher increases are expected to occur in developing countries with 79 percent of global sugar production in 2025 compared to 77 percent during the base period.
The contract was initially awarded in February 2011, with funding of up to USD97m more than an initial base period ending in February 2014.
Their findings revealed that extremely hot summers-those with temperatures three standard deviations greater than the mean temperature in the base period-occurred much more frequently in the past several years than during the base period, when they were practically absent.
If AIRCs are compared to credits from the estimated base period, the taxpayer will probably find that the latter approach produces a greater result.
To be eligible, a Homeland dividend and a qualifying Base Period dividend must be paid before the end of 2005 (for calendar-year taxpayers).
Wages of the highest quarter in that base period will be used to determine the amount of the weekly UI benefit.
The advantages of the new indexes are particularly important for long-term time series, such as those presented in this issue of the Survey of Current Business, and for analyses of current economic conditions as the base period becomes out of date.
To be eligible for extended benefits, an individual may meet an alternative qualifying wage requirement of having base period wages of at least 1-1/2 times the wages earned in the highest quarter of the base period, instead of the current requirement that 40 times the weekly benefit amount have been earned.
The economists chose the five years before 1981 as a base period because they preceded the alleged price fixing.
41 tax credit is equal to 20% of the excess, if any, of 1) qualified research expenses for the taxable year over 2) the base period research expenses--Sec.