Meaning of BASIS in English

BASIS

Regarding a futures contract , the difference between the cash price and the futures price observed in the market . Also, it is the price an investor pays for a security plus any out-of-pocket expenses. It is used to determine capital gains or losses for tax purposes when the stock is sold.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.