INDEXATION

indexation

(noun) a system of economic regulation: wages and interest are tied to the cost-of-living index in order to reduce the effects of inflation

Source: WordNet® 3.1


Etymology

Noun

indexation (countable and uncountable, plural indexations)

The adjustment of an economic variable (such as a salary) according to an index (such as that of inflation).

Source: Wiktionary



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Word of the Day

17 November 2024

MONASTICISM

(noun) asceticism as a form of religious life; usually conducted in a community under a common rule and characterized by celibacy and poverty and obedience


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Coffee Trivia

Coffee dates back to the 9th century. Goat herders in Ethiopia noticed their goats seem to be “dancing” after eating berries from a particular shrub. They reported it to the local monastery, and a monk made a drink out of it. The monk found out he felt energized and kept him awake at night. That’s how the first coffee drink was born.

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