What is BROAD-BASED INDEX?

An index designed to reflect the movement of the market as a whole. Examples include the S & P 500, the AMEX Major Market Index and the Value Line Composite Index.

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Related Legal Terms
EUROPE, AUSTRALIA, AND FAR EAST INDEX (EAFE INDEX), CB LEADING INDEX, PRESENT SITUATION INDEX, VALUE LINE COMPOSITE INDEX, BRAND POTENTIAL INDEX (BPI), MSCI-EAFE INDEX, PRICE WEIGHTED INDEX, STOCK INDEX FUTURES, ABX INDEX, NEW YORK STOCK EXCHANGE (NYSE) COMPOSITE INDEX


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