From The Collaborative International Dictionary of English v.0.44 [gcide]:
Index \In"dex\, verb (used with an object) [imp. & p. p. {Indexed}; p. pr. & vb. n. {Indexing}.]
1. To provide with an index or table of references; to put into an index; as, to index a book, or its contents.
2. (Economics) To adjust (wages, prices, taxes, etc.) automatically so as to compensate for changes in prices, usually as measured by the {consumer price index} or other economic measure. Its purpose is usually to copensate for inflation. [PJC]
3. To insert (a word, name, file folder, etc.) into an index or into an indexed arrangement; as, to index a contract under its date of signing. [PJC]
From WordNet (r) 2.0 [wn]:
noun
1: the act of classifying and providing an index in order to make items easier to retrieve
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