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



RESET




Word of the Day

29 May 2024

PERESTROIKA

(noun) an economic policy adopted in the former Soviet Union; intended to increase automation and labor efficiency but it led eventually to the end of central planning in the Russian economy


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Coffee Trivia

According to Guinness World Records, the largest iced coffee is 14,228.1 liters and was created by Caffé Bene (South Korea), in Yangju, South Korea, on 17 July 2014. They poured iced black Americano on the giant cup that measured 3.3 meters tall and 2.62 meters wide.

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