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addaword.gifdefinition of Big Mac Index

noun
a set of figures which indicate the difference in purchasing power between two currencies. It is named after the Big Mac hamburger sold by McDonald's
Coined 'Burgernomics,' the Big Mac Index has become a global standard of determining purchasing power between two currencies by comparing the cost of the McDonald's burger in any two countries.
Submitted from United Kingdom on 20/01/2012 14:27:00
Definition of Big Mac Index from the Open Dictionary – a public resource hosted by Macmillan English Dictionary Online

pre-cation

a paid holiday given to a new employee before they start their job

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