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Meaning of “weighted index” in the English Dictionary

"weighted index" in Business English

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weighted indexnoun [C]

uk   us   FINANCE, STOCK MARKET
an index that ​takes into ​account the ​importance of particular things, for ​example the ​amount of ​trade between each of the countries involved: The Russell 2000 Index TR is a ​totalreturnweightedindex. On the Reserve Bank's Trade Weighted Index the Australian ​dollarended on Friday at 55.6, down from 56.8 the previous week.
(Definition of weighted index from the Cambridge Business English Dictionary © Cambridge University Press)
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