What is the full meaning of basis?
Definition of basis 1 : the bottom of something considered as its foundation. 2 : the principal component of something Fruit juice constitutes the basis of jelly.
What is another word for basis?
What is another word for basis?foundationbasekeystonenucleusunderpinningnubbottomfootinggroundfundamental162 more rows
What is basis with example?
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.
What do you mean by basis for something?
The basis of something is its starting point or an important part of it from which it can be further developed.
What kind of word is basis?
nounnoun, plural ba·ses [bey-seez]. the bottom or base of anything; the part on which something stands or rests. anything upon which something is based; fundamental principle; groundwork.
What does on a daily basis mean?
Daily basis means something that happens or is done every day. Daily basis tends to refer to doing something consistently like a habit. Increasingly we shorten the phrase to a single word, daily. In this case, there is no difference between daily basis and daily.
Where is basis meaning?
The “As Is Where Is” Clause: Background and Legal Effect Therefore if a property is being sold on an “as is where is” basis, this means that it is being sold in its current condition, whatever this condition happens to be.
How do you use basis in a sentence?
How to use Basis in a sentenceSo you're on a first name basis with him, huh? ... It wasn't as if there was any basis for the feeling. ... I remembered a judge had tossed out a search warrant obtained only on the basis of our tip. ... In 1840 we have the first safe basis for comparison of strength.More items...
What is basis in a company?
At a very basic level, basis is the cost of your business. The calculation of basis consists of your financial contributions into the company plus ordinary income and losses minus distributions (like dividends and other payouts).
What is the use of basis?
on the basis of something She was chosen for the job on the basis of her qualifications. We made our decision on the basis of the information we had. on the basis that… Some movies have been banned on the basis that they are too violent.
Is it basis of or basis for?
'The basis of ...' is referring the static structure as or when it is built. 'The basis for ...' is more strongly connoting the initial building block of the building process.
What does became the basis mean?
C1. the most important facts, ideas, etc. from which something is developed: This document will form the basis for our discussion.
What does "basis" mean?
ba·sis. (bā′sĭs) n. pl. ba·ses (-sēz′) 1. A fact or circumstance on which something is established: rumors with no basis in reality. See Synonyms at base 1. 2. The chief constituent; the fundamental ingredient: The basis for most liquids is water. 3.
What does "base" mean in math?
2. anything upon which something is based; a fundamental principle. 3. the principal constituent; fundamental ingredient. 4. a basic fact, amount, standard, etc., used in making computations, reaching conclusions, or the like: to be paid on an hourly basis; to be chosen on the basis of merit. syn: See base 1.
What is the basis of a decision?
basis. the principal constituent; a basic fact, amount, standard, etc., used in reaching conclusions; groundwork: This is the basis for our decision. bases – plural of base and of basis: All the bases are covered.
What does archaic mean?
Archaic A physical base on which something rests. [Middle English, foundation upon which something rests, base, from Latin, from Greek, a stepping, that on which one stands, base; see g w ā- in Indo-European roots .] American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing ...
What does "basic" mean in nursing?
the bottom or base of anything; the part on which something stands or rests. anything upon which something is based; fundamental principle; groundwork. the principal constituent; fundamental ingredient. a basic fact, amount, standard, etc., used in making computations, reaching conclusions, or the like: The nurse is paid on an hourly basis.
What is a set of linearly independent elements of a given vector space?
Mathematics. a set of linearly independent elements of a given vector space having the property that every element of the space can be written as a linear combination of the elements of the set.
What is basis in accounting?
basis. A tax and accounting term referring to the original acquisition cost of a property; used to determine annual depreciation deductions and eventual gain or loss upon the disposition of the property.
What is basis in stock?
In futures trading, the difference between the futures price and the spot price. The basis will narrow as a contract moves closer to settlement. 2. In taxation, the acquisition cost of an asset adjusted for capital distributions (that is, stock dividends).
What is the cost of an asset?
1. The cost of an asset less depreciation. This is used when calculating one's tax liability related to that asset. 2. The all-in cost of a security when it is bought. That is, it is the price of the security plus any applicable fees. This is the price against which any capital gains or losses are calculated for tax purposes. ...
What is basis in finance?
In finance, basis is generally used to refer to the expenses or total costs of an investment. It can also be used to refer to the difference between the spot price of an asset and its corresponding derivative futures contract. Basis has important tax implications because it represents the costs associated with a product.
Why is basis important?
Basis has important tax implications because it represents the costs associated with a product. In another context, basis refers to the variation between the spot price of a deliverable commodity and the relative price of the futures contract. Basis may also be used in reference to securities transactions. Simply put, a security's basis is its ...
What is basis in futures?
In the futures market, basis represents the difference between the cash price of the commodity and the futures price of that commodity. It is a critically important concept for portfolio managers and traders to grasp because the relationship between cash and futures prices affects the value of the contracts used in hedging.
Is a basis IRA tax free?
Distributions of amounts representing basis in an IRA are tax-free. However, to ensure that this tax-free treatment is realized, the taxpayer must file IRS Form 8606 for any year that basis is added to the IRA and for any year that distributions are made from any of the individual's traditional, SEP, or SIMPLE IRAs.
What is the medical definition of base?
1 : that portion of a bodily organ or part by which it is attached to another more central structure of the organism the base of the thumb. 2 a : the usually inactive ingredient of a preparation serving as the vehicle for the active medicinal preparation the fatty base of an ointment.
What does "base" mean in kids?
Kids Definition of base. (Entry 1 of 3) 1 : a thing or a part on which something rests : bottom, foundation the base of a statue the base of the mountain. 2 : a starting place or goal in various games. 3 : any of the four stations a runner in baseball must touch in order to score.
What does "base" mean in a sentence?
base, low, vile mean deserving of contempt because of the absence of higher values. base stresses the ignoble and may suggest cruelty, treachery, greed, or grossness. base motives low may connote crafty cunning, vulgarity, or immorality and regularly implies an outraging of one's sense of decency or propriety. refused to listen to such low talk vile, the strongest of these words, tends to suggest disgusting depravity or filth. a vile remark
What does "base camp" mean?
1 : constituting or serving as a base This situation is frequently encountered by seaplane pilots in northern Canada who must fly over lakes and tundra to a base camp located on a river. — Alan Lopez
Is iron a base metal?
Adjective (1) Iron is a base metal. a base and sneaky act that is a clear violation of international law. See More. Recent Examples on the Web: Noun There’s the 25-minute client touch-base, the general life catch-up with your manager, the bite-size performance feedback session, the meeting to prep for the meeting.