- The basis is defined as the foundation of something, or as a concept or a necessary part of something.
- An example of a basis is the foundation of a house.
- An example of a basis is the reason for which someone may choose to affiliate himself with a specific party.
- An example of basis is the butter in a recipe for hollandaise sauce.
This foundation is the basis for a new building.
- the base, foundation, or chief supporting factor of anything
- the principal constituent of anything
- the fundamental principle or theory, as of a system of knowledge
- a procedure or timed plan: paid on a weekly basis
- a specified attitude: a friendly basis
Origin of basisClassical Latin ; from Classical Greek a base, pedestal ; from bainein, to go ; from Indo-European base an unverified form gwem-, come
- A foundation upon which something rests.
- The chief constituent; the fundamental ingredient: The basis for most liquids is water.
- The fundamental principle.
- a. An underlying circumstance or condition: workers paid on a daily basis; friends who are on a first-name basis. See Synonyms at base1.b. A pattern or schedule for proceeding: on a weekly basis.c. A condition for relating or proceeding: a first-name basis; a friendly basis.
Origin of basisMiddle English, from Latin, from Greek; see gwā- in Indo-European roots.
(plural bases or baseis)
- A starting point, base or foundation for an argument or hypothesis.
- An underlying condition or circumstance.
- regular frequency
- You should brush your teeth on a daily basis at minimum.
- The flights to Fiji leave on a weekly basis.
- Cars must be checked on a yearly basis.
- (linear algebra) In a vector space, a linearly independent set of vectors spanning the whole vector space.
- (accounting) Amount paid for an investment, including commissions and other expenses.
- (topology) A collection of subsets ("basis elements") of a set, such that this collection covers the set, and for any two basis elements which both contain an element of the set, there is a third basis element contained in the intersection of the first two, which also contains that element.
- The collection of all possible unions of basis elements of a basis is said to be the topology generated by that basis.
- The construction "on a daily/weekly/etc. basis" is usually an unnecessarily-wordy substitute for simply "daily/weekly/etc."
From Latin basis, from Ancient Greek βάσις (basis).
basis - Investment & Finance Definition
In the futures market, the difference between the cash and futures prices. For instance, if cash prices for cotton typically are 5 cents below the July futures price, the November basis is said to be “5 cents under.” Separately, basis also is used to calculate the amount of capital gains tax that is due on the sale of an investment or asset. The basis is calculated by taking the purchase price and subtracting any commissions or expenses.
basis - Legal Definition