Related Words

Base Period: A particular period of time used for comparative purposes when measuring economic data.

Base Period Price: The average price for an item in a specified time period used as a base for an index - such as 1910-14, 1957-59, 1967, 1977, or 1982. Time series of data are often deflated to a base period . . . View Full Definition

Periodic Purchase Deferred Contract: A fixed or variable annuity contract for which fixed-amount premiums are paid either monthly or quarterly, and that does not begin paying out until a time elected by the annuitant.

Periodic Rate: The monthly effective interest rate. For example, the periodic rate on a credit card with an 18% annual percentage rate is 1.5% per month.

Periodic Style: A style of writing in which the sentences tend to be periodic. See discussion under periodic sentence, above. Periodic style in English is usually considered indirect or artificially 'artsy' . . . View Full Definition

Periodic Table: An arrangement of the elements according to increasing atomic number that shows relationships between element properties.

Periodic Sentence: A long sentence that is not grammatically complete (and hence not intelligible to the reader) until the reader reaches the final portion of the sentence. An example is this sentence by Bret . . . View Full Definition

Periodic Tenancy: A leasehold interest from period to period that renews automatically unless a notice of termination is given.

Periodic Inventory: A Periodic Inventory is one whose balance is updated on a periodic basis, ie. every week/month/year. See Inventory .

Periodic Inventory Method: A system of accounting for inventory in which cost of goods sold is determined and inventory is adjusted at the end of the accounting period, not when merchandise is purchased or sold.