InvestorWords.com

narrow-based index (NBI)


Definition

An index which contains a small group of industry-specific stocks consisting mostly of future contracts. A narrow-based index will not consist of more than ten of these industry-specific stocks. For example, a narrow-based index may include stocks from the auto industry, energy industry, or construction industry.


Related Videos




Search for another term


Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z