Basis meaning

bāsĭs
Frequency:
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.

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The chief constituent; the fundamental ingredient.

The basis for most liquids is water.

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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.

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A foundation upon which something rests.
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The fundamental principle.
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The principal constituent of anything.
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The fundamental principle or theory, as of a system of knowledge.
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A set of independent vectors whose linear combinations define a vector space, such as a reference frame used to establish a coordinate system.
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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.
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The amount or value assigned to a taxpayer’s cost of acquiring, or investment in, an asset. Primarily used when determining the taxpayer’s gain or loss when the property is sold, bartered, or exchanged or the asset’s depreciation.
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The value of a taxpayer’s basis in an asset, after making additions or subtractions to his or her original basis, to reflect certain events, such as capital improvements and depreciation, that affect the value of the property subsequent to the taxpayer’s acquisition of or investment in the asset.
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The basis of an asset transferred from one owner to another by gift or in trust at the time of the transfer.
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The taxpayer’s basis in an asset after the basis has been decreased to a certain value (usually its fair market value) upon a certain date or event. For example, the basis of inherited property is its fair market value as of the date of the decedent’s death or an alternate valuation date and the decedent’s stepped-down (or stepped-up) basis in the asset is the new owner’s original basis.
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The taxpayer’s basis in an asset after the basis has been increased to a certain value (usually its fair market value) upon a certain date or event.
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The basis of one asset that substitutes for that of another asset when the first asset has been exchanged or otherwise transferred in return for the second asset. The taxpayer does not incur any gain or loss, but substitutes the basis of the asset she transferred to the property she acquired.
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A starting point, base or foundation for an argument or hypothesis.
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(linear algebra) In a vector space, a linearly independent set of vectors spanning the whole vector space.
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(accounting) Amount paid for an investment, including commissions and other expenses.
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(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.

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The base, foundation, or chief supporting factor of anything.
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Origin of basis

  • Middle English from Latin from Greek gwā- in Indo-European roots

    From American Heritage Dictionary of the English Language, 5th Edition

  • From Latin basis, from Ancient Greek βάσις (basis).

    From Wiktionary