The base period is a fixed point in time used as a benchmark to measure and compare statistical data, such as indices, over a subsequent span of time. This concept is often employed to assess changes in economic indicators like the Consumer Price Index (CPI).
A benchmark in real estate serves as a reference point for measuring site elevations and comparing performance standards. It is critical for surveyors and institutional real estate performance assessments.
LIBOR, or the London Interbank Offered Rate, is the interest rate at which major international banks lend Eurodollars to one another. It is widely used as a benchmark for adjustable-rate mortgages and other financial products.
The safe rate is an interest rate offered by relatively low-risk investments such as high-grade bonds or well-secured first mortgages. It is often used as a benchmark for other rates of return to compare the risk and safety of various investment options.
