What is BASIS?

1.the days in a year used for interest computation. 2. when adjustments are made between currencies. 3. the price difference between the cash and futures market for an asset. 4. the purchase price minus the commissions and expenses. It is used for calcula

More On This Topic



Link to This Definition
Did you find this definition of BASIS helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary