Business / Agriculture / Basic Formula Price (BFP): Calculated monthly by USDA, the BFP is the base price for all milk regulated by federal milk marketing orders. Currently, the BFP is based on the preceding month?€™s average price of Grade B milk paid by processors in Minnesota and Wisconsin, adjusted by current-month changes in the value of certain manufactured dairy products.
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Basic Adjective Synonyms: fundamental, essential, key, elementary, underlying, prime, primary, root, principal, central, focal, vital
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Formula Adjective Synonyms: recipe, rubric, formulary, rule(s), prescription, directions, instructions, blueprint, method, technique, means, way, pattern, procedure, modus operandi, MO
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Price Verb Synonyms: sacrifice, toll, penalty, cost, consequence
Price Noun Synonyms: charge, cost, expense, expenditure, outlay, payment, amount, figure, fee, quotation, appraisal, value, valuation, evaluation, worth
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Business / Agriculture / Price Index: Current price expressed as a proportion to the same price in an earlier time period, commonly called the base period. Monthly price indexes computed by the National Agricultural Statistics Service are MORE
Business / Taxes / Price Improvement: Price improvement occurs when you pay less or receive more on a securities transaction than the bid and offer prices being currently quoted. In other words, the price you pay to buy is lower than the MORE
Business / Finance / Price Leadership: A price charged by the dominant producer that becomes the price adopted by all the other producers. MORE