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What is an indiction?

What is an indiction? Here are some definitions.

Noun
  1. (historical) A fiscal period of fifteen years, instituted by Constantine in 313 CE (but counting from 1st September 312), used throughout the Middle Ages as a way of dating events, documents etc.
  2. A declaration or official announcement.
  3. (historical) The decree made by Roman emperors which fixed the property tax for the next fifteen years.
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Examples
The indiction itself, and every one of the years composing it, began on the 1st of September of the calendar year.
Consular dating had already been abolished in 537, when Justinian introduced dating by the emperor's regnal year and the indiction.
And in the blizzard of announcements late Friday, there was little indiction from regulators that they would tie themselves to specific time frames for action.
Before its adoption the usual practice in Latin countries was to distinguish the years by their number in the cycle of indiction.
The general tribute, or indiction, as it was called, was derived largely from the taxation of landed property.
As a cross-check and source of additional information, many manuscripts give the year according to the year of the indiction.

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