Variationhistoricaladjectivedating back over a period of time"...the Federal Reserve Board has eased interest rates in the past year, but they are still at historically high levels" [Sunday Times]"...the historic p/e for the FTSE all-share index is 28.3 and the dividend yield is barely 2 per cent. Both indicators suggest that the stock markets are very highly priced" [Times]COMMENTBy tradition, a company's accounts are usually prepared on the historic(al) cost principle, i.e. that assets are costed at their purchase price. With inflation, such assets are undervalued, and current-cost accounting or replacement-cost accounting may be preferred.
Related information about historic:
- historic - definition of historic by the Free Online Dictionary ...
Usage Note: Historic and historical have different usages, though their senses overlap. Historic refers to what is important in history: the historic first voyage to ...
- Historic - Merriam-Webster Online
his·tor·ic. adjective \hi-ˈstȯr-ik, -ˈstär-\. Definition of HISTORIC. : historical: as. a : famous or important in history <historic battlefields>. b : having great and ...
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Historic preservation is an endeavor that seeks to preserve, conserve and protect buildings, objects, landscapes or other artifacts of historical significance.
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A historic is more common in both American and British English, but both usages are sufficiently common to be considered correct. A well known grammar rule ...