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TeachMeFinance.com - explain Base Flood Base Flood The term 'Base Flood' as it applies to the area of reclamation can be defined as ' The flood having a one percent chance of being equalled or exceeded in any given year. This term is used in the National Flood Insurance Program (NFIP) to indicate the minimum level of flooding to be used by a community in its flood plain management regulations'.The term 'Base Flood' as it applies to the area of the weather can be defined as ' In hydrologic terms, the national standard for floodplain management is the base, or one percent chance flood. This flood has at least one chance in 100 of occurring in any given year. It is also called a 100 year flood'. The term 'Base Flood' as it applies to the area of flooding can be defined as 'The flood having a 1% chance of being equaled or exceeded in any given year'.
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