Business / Agriculture / Prices Paid Index: An index that measures changes in the prices paid for goods and services used in crop and livestock production and family living. The production component of the index accounts for over 65% of the total, and family living expenses represented by the CPI-U account for less than 20% of the index. The remaining components are interest charges on farm real estate and non-real estate debt, taxes payable on farm real estate, and wage rates paid to hired farm labor. NASS currently publishes the index on a 1990-92=100 base. Used in calculating the federal grazing fee, among other purposes. The index of prices paid on a 1910-14=100 base is called the parity index and is used in calculating the parity ratio.
Index Adjective Synonyms: mark, sign, clue, token, hint, pointer, indicator, indication, guide
Index Noun Synonyms: guide, directory, list, listing, table of contents, catalogue, key, thesaurus
Business / Agriculture / Prices Received Index: An index that measures changes in the prices received for crops and livestock. NASS currently publishes the index on a 1990-92=100 base. A ratio of the prices received index to the prices paid index o MORE
Business / Human Resources (HR) / Prepaid Group Legal Plan: A benefit plan that provides employees, their spouses or dependents with assistance in obtaining legal services, which have been prepaid in whole or in part by the employer. MORE