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Meaning of “benchmark index” in the English Dictionary

"benchmark index" in Business English

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benchmark indexnoun [C]

uk   us  
STOCK MARKET, FINANCE a set of share prices that is used as the standard for comparing the values of other shares: The FTSE 100, the benchmark index of Britain’s blue-chip companies, experienced its worst performance since 1984.
(Definition of benchmark index from the Cambridge Business English Dictionary © Cambridge University Press)
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