multiple

multiple definition - business

multiple

  1. In stock-index futures, the number multiplied by the futures price to determine the value of the contract. For example, the 500 multiple of the Standard & Poor's Midcap Index is multiplied by the futures price to determine the value of one contract. Thus, a futures price of $230 would yield a contract value of $115,000 (500 × $230).
  2. See price-earnings ratio.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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