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

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Related Legal Terms
ADJUSTED BASIS, NEGATIVE BASIS, POSITIVE BASIS, ACCRUAL BASIS, STEPPED-UP BASIS, TAX BASIS, NET REALIZABLE VALUE OF ASSET, BASIS SWAP, ADJUSTED BASIS VALUE, ACCRUAL BASIS ACCOUNTING


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