/hɪ'stɒrɪk/, historical /hɪ'stɒrɪk(ə)l/ adjective
which goes 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]
COMMENT: By tradition, a company’s accounts are usually prepared on the his toric(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.

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • historic — historic, historical Both words are used to mean ‘of or concerning history, belonging to the past rather than the present’, but historical is the more objective word denoting something that happened in the past, whereas historic describes not… …   Modern English usage

  • historic — historic, historical are sometimes distinguished in meaning. Historic is used when the idea of association with history in the sense of being celebrated, well known, or deserving to be well known is stressed {we shall visit many historic spots on …   New Dictionary of Synonyms

  • historic — his*tor ic (h[i^]s*t[o^]r [i^]k), historical his*tor ic*al (h[i^]s*t[o^]r [i^]*kal), a. [L. historicus, Gr. istoriko s: cf. F. historique. See {History}.] Of or pertaining to history, or the record of past events; as, an historical poem; the… …   The Collaborative International Dictionary of English

  • historic — 1660s, probably a back formation from HISTORICAL (Cf. historical), perhaps influenced by Fr. historique. What is historic is noted or celebrated in history; what is historical deals with history …   Etymology dictionary

  • historic — [his tôr′ik, histär′ik] adj. [L historicus < Gr historikos] 1. having, or likely to have, lasting significance or importance [a historic occasion] 2. Now Rare HISTORICAL …   English World dictionary

  • historic — index traditional Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • historic — [adj] momentous, remarkable celebrated, consequential, extraordinary, famous, important, memorable, notable, outstanding, red letter*, significant, well known; concepts 548,568 Ant. unimportant, unremarkable …   New thesaurus

  • historic — ► ADJECTIVE 1) famous or important in history, or potentially so. 2) Grammar (of a tense) used in relating past events …   English terms dictionary

  • historic — adjective the historic first flight at Kitty Hawk Syn: significant, notable, important, momentous, consequential, memorable, newsworthy, unforgettable, remarkable; famous, famed, celebrated, renowned, legendary; landmark, sensational,… …   Thesaurus of popular words

  • historic — his|tor|ic [hıˈstɔrık US ˈsto: , ˈsta: ] adj [usually before noun] 1.) a historic place or building is very old ▪ the restoration of historic buildings ▪ ancient historic sites ▪ our historic monuments 2.) a historic event or act is very… …   Dictionary of contemporary English

  • historic */*/ — UK [hɪˈstɒrɪk] / US [hɪˈstɔrɪk] adjective 1) a) a historic place is important because it is old and interesting or impressive the historic city of York areas of special architectural or historic interest historic monument/building: Tourists like… …   English dictionary

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