Meaning of “weighted index” in the English Dictionary

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"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 total return weighted index.
On the Reserve Bank's Trade Weighted Index the Australian dollar ended 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)