Business / Agriculture / Basis: The difference between the current spot price (or cash price) of a commodity and the price of the nearest futures contract for the same or a related commodity. Basis is usually computed in relation to the futures contract next to expire and may reflect different time periods, product forms, qualities, or locations.
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Basis Noun Synonyms: foundation, base, bottom, heart, footing, principle, underpinning, infrastructure
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Business / Finance / Cost Basis: A branch of accounting that provides information to help the management of a firm evaluate production costs and efficiency. 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
Lifestyle / 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