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
Business / Finance / Basis Point: In the bond market, the smallest measure used for quoting yields is a basis point. Each percentage point of yield in bonds equals 100 basis points. Basis points also are used for interest rates. An in MORE
Business / Finance / Formula Basis: The form required by the NASD to report equity transactions after the market's regular hours. MORE