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broad based

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broad-based

  [brawd-beyst]
Use broad based in a Sentence
–adjective
involving participation or support by a broad spectrum of things or people: The senator had a broad-based campaign.
Origin:
broad base + -ed 3
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Financial Dictionary

broad-based

Of or relating to an index or average that provides a good representation of the overall market. The S&P 500 and NYSE Composite are generally regarded as broad-based stock indexes, while the popular Dow Jones Industrial Average is biased toward blue chips and is not considered broad-based. Compare narrow-based.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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