Business / Finance / Basis: The price an investor pays for a security plus any out-of-pocket expenses. It is used to determine capital gains or losses for tax purposes when the stock is sold. Also, for a futures contract, the difference between the cash price and the futures price observed in the market.
Basis Noun Synonyms: foundation, base, bottom, heart, footing, principle, underpinning, infrastructure
Life Style / Travel / Fare Basis: Conditions, including service class and ticketing provisions, that determine a fare. Fare basis is designated by identifying letters and/or numbers on a ticket. MORE
Business / Taxes / Cash Basis Accounting: Cash basis accounting is one of two ways of recording revenues and expenses. Using this method, a company records income on its books when it receives a payment and expenses when it makes a payment. I MORE
Business / Agriculture / Basis Risk: The possibility of unexpected variation in basis and a resulting loss of expected revenue when a futures contract is liquidated and the commodity sold on the cash market. MORE
Business / Taxes / Step-Up In Basis: When you inherit assets, such as securities or property, they are stepped-up in basis. That means the assets are valued at the amount they are worth when your benefactor dies, or as of the date on whi MORE