basis


basis
The difference between the current cash price and the futures price of the same commodity. Unless otherwise specified, the price of the nearby futures contract month is generally used to calculate the basis. Chicago Board of Trade glossary
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The difference between the cash price and the futures price of a commodity. CASH - FUTURES = BASIS. Basis also is used to refer to the difference between prices at different markets or between different commodity grades. The CENTER ONLINE Futures Glossary
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(1) The difference between rates or prices of assets that are related but not identical. For example, the difference between the cash price and the futures price of a security.
Sometimes called spread.
(2) The difference between the price of a futures contract and the price of the underlying.
(3) The number of days in a bond coupon period.
See day basis. American Banker Glossary
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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. Bloomberg Financial Dictionary
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The difference between the spot or cash price and the futures price of the same or a related commodity. Basis is usually computed to the near future, and may represent different time periods, product forms, qualities and locations. The local cash market price minus the price of the nearby futures contract. Chicago Mercantile Exchange Glossary
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The difference between the price of a futures contract and that of the underlying asset. Calculated by subtracting the futures price from the cash price. Dresdner Kleinwort Wasserstein financial glossary
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The difference between the cash price and futures price. Exchange Handbook Glossary
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The difference between the underlying product price and the futures price. LIFFE

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basis ba‧sis [ˈbeɪss] noun bases PLURALFORM [-siːz] [countable]
1. the facts or ideas from which something can be developed:
basis for

• If talks restart, this package is likely to be a basis for negotiation.

2. the original figures from which something can be calculated or valued:
basis for/​of

• These figures will be the basis for future price calculations.

— see also accrual basis, cash basis, earnings basis

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   The difference between a futures prices and the corresponding underlying cash price. Basis is normally quoted as cash price deducted from futures price of the nearest delivery month. There is a high degree of correlation between cash and futures prices but the basis is not constant. A basis trade exploits the expected movements in basis. Basis is likely to reduce and eventually to shrink to nothing as the futures contract approaches its expiry date. (Figure 2.)
   ► See also Backwardation and Contango.

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basis UK US /ˈbeɪsɪs/ noun (plural bases /ˈbeɪsiːz/)
[C, usually singular] a fact or situation that makes it possible for something to exist, happen, or develop in a particular way: basis for sth »

Should the TV licence fee continue to be the basis for the BBC's funding?

»

Ministers claimed the figures were bogus and had no basis in reality.

be/form/provide the basis for sth »

Sustainable development should form the basis for a corporate vision of the future.

as a basis for sth »

It is hoped that the WTO agreements will serve as a basis for strengthening relationships with developing countries.

[S] the way things happen, or are done or organized: on a daily/monthly/regular, etc. basis »

Skills need to be updated on an ongoing basis.

on a full-time/permanent/temporary, etc. basis »

She's employed by the agency on a temporary basis.

»

Assessment of insurance claims takes place on a case-by-case basis.

See also ACCRUALS BASIS(Cf. ↑accruals basis), CASH BASIS(Cf. ↑cash basis)
[S or U] the reason why someone does something or why something happens: »

There appears to be no logical basis for these proposals.

on the basis of sth »

Discrimination on the basis of gender, age, race, or sexual orientation is against the law.

on the basis that »

Some bidders were rejected on the basis that they lacked an understanding of the needs of the organization.


Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • Basis- — Basis …   Deutsch Wörterbuch

  • basis — ba·sis / bā səs/ n pl ba·ses / ˌsēz/ 1: something (as a principle or reason) on which something else is established the court could not imagine any conceivable basis for the statute see also rational basis 2: a basic principle o …   Law dictionary

  • Basis — may refer to* Basis future, the value differential between a future and the spot price * Basis (options), the value differential between a call option and a put option * Cost basis, in the calculation of capital gains * Basis (crystal structure) …   Wikipedia

  • Basis — steht für: Basis (Architektur), den untersten Bauteil einer Säule oder das Podest einer Statue Basis (Stereofotografie), den Abstand zweier zum Ziel ausgerichteter Kameras Kristallstruktur#Basis, die Grundstruktur eines Kristalles Basis (Band)… …   Deutsch Wikipedia

  • Basis [5] — Basis (Grundlinie, Standlinie) nennt man bei trigonometrischen Bestimmungen diejenige durch unmittelbare Längenmessung erhaltene Linie, aus der weitere Linien rechnerisch abgeleitet werden sollen. – Eine »Basis« in einzelnen… …   Lexikon der gesamten Technik

  • BASIS — Заставка BASIS Разработчик Сергей Камнев Последняя версия ?  ? Лицензия Закрытое ПО Состояние Не развивается BASIS специфическая …   Википедия

  • Basis — Sf Grundlage erw. fach. (15. Jh.) Entlehnung. Entlehnt aus l. basis, dieses aus gr. básis (eigentlich Schritt, Gang ), einer Ableitung von gr. baínein gehen . (Zur Bedeutungsentwicklung vgl. nhd. treten Tritt im Sinne von fester Untergrund,… …   Etymologisches Wörterbuch der deutschen sprache

  • Basis — Ba sis (b[=a] s[i^]s), n.; pl. {Bases} (b[=a] s[=e]z). [L. basis, Gr. ba sis. See {Base}, n.] 1. The foundation of anything; that on which a thing rests. Dryden. [1913 Webster] 2. The pedestal of a column, pillar, or statue. [Obs.] [1913 Webster] …   The Collaborative International Dictionary of English

  • basis — (del lat. «basis»; ant.) amb. Base. * * * basis. (Del lat. basis). amb. desus. Base o fundamento …   Enciclopedia Universal

  • Basis [3] — Basis , in der Mathematik Grundlinie einer geometrischen Figur, Grundfläche eines Körpers, Grundzahl eines Logarithmensystems. – Basis, zur Verwandlung von Flächen, s. gemeinschaftliche Basis von statischen Momenten unter Parallelkräfte.… …   Lexikon der gesamten Technik

  • basis — 1570s, bottom or foundation (of something material), from L. basis foundation, from Gk. basis a step, stand, base, that whereon one stands, from bainein go, step (see COME (Cf. come)). Transferred and figurative senses (of immaterial things) are… …   Etymology dictionary