basis

ba·sis

Use basis in a sentence

This foundation is the basis for a new building.

noun

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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"Basis." YourDictionary. LoveToKnow. www.yourdictionary.com/Basis.

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Basis. (n.d.). In YourDictionary. Retrieved from https://www.yourdictionary.com/Basis

basis

noun

pl. ba′ses·

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
1. a procedure or timed plan: paid on a weekly basis
2. a specified attitude: a friendly basis

Origin of basis

Classical Latin from Gr, a base, pedestal from bainein, to go from Indo-European base an unverified form gwem-, come

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"Basis." YourDictionary. LoveToKnow. www.yourdictionary.com/Basis.

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Basis. (n.d.). In YourDictionary. Retrieved from https://www.yourdictionary.com/Basis

basis

noun

pl. ba·ses,

A fact or circumstance on which something is established: rumors with no basis in reality. See Synonyms at base¹.
The chief constituent; the fundamental ingredient: The basis for most liquids is water.
The fundamental principle: Objective inquiry is the basis of science.
a. A pattern or schedule for proceeding: on a weekly basis.
b. A condition for relating or proceeding: a first-name basis; a friendly basis.
Archaic A physical base on which something rests.

Origin of basis

Middle English foundation upon which something rests, base from Latin from Greek a stepping, that on which one stands, base ; see g^wā- in Indo-European roots.

THE AMERICAN HERITAGE® DICTIONARY OF THE ENGLISH LANGUAGE, FIFTH EDITION by the Editors of the American Heritage Dictionaries. Copyright © 2016, 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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"Basis." YourDictionary. LoveToKnow. www.yourdictionary.com/Basis.

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Basis. (n.d.). In YourDictionary. Retrieved from https://www.yourdictionary.com/Basis

Plural bases (bāˌ◌sēzˌ◌)

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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"Basis." YourDictionary. LoveToKnow. www.yourdictionary.com/Basis.

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Basis. (n.d.). In YourDictionary. Retrieved from https://www.yourdictionary.com/Basis

Noun

(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.

Usage notes

The construction "on a daily/weekly/etc. basis" is usually an unnecessarily-wordy substitute for simply "daily/weekly/etc."

Anagrams

absis
isbas

Origin

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

English Wiktionary. Available under CC-BY-SA license.

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"Basis." YourDictionary. LoveToKnow. www.yourdictionary.com/Basis.

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Basis. (n.d.). In YourDictionary. Retrieved from https://www.yourdictionary.com/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.

Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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"Basis." YourDictionary. LoveToKnow. www.yourdictionary.com/Basis.

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Basis. (n.d.). In YourDictionary. Retrieved from https://www.yourdictionary.com/Basis

basis - Legal Definition

n

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.

adjusted basis

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.

carryover basis

The basis of an asset transferred from one owner to another by gift or in trust at the time of the transfer.

recovery of basis

See recovery.

stepped-down basis

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.

stepped-up basis

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.

substituted basis

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.