What is the full meaning of basis?

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. He was chosen on the basis of his college grades.

What is meant by the basis of something?

The basis of something is its starting point or an important part of it from which it can be further developed.

What is another word for basis?

In this page you can discover 64 synonyms, antonyms, idiomatic expressions, and related words for basis, like: foundation, reason, premise, justification, antecedent, background, fundamental, explanation, source, proof and evidence.

What is the difference between basis and basis?

Basis means a starting point, base or foundation for an argument or hypothesis when used as a noun. Bases means foundations or starting points, checkpoints when used as a noun. A good way to remember the difference is Bases is the plural of base. Out of the two words, ‘basis’ is the most common.

What is example of basis?

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.

How do you use basis in a sentence?

We’re going to be meeting there on a regular basis. They want all groups to be treated on an equal basis. I’ve always worked on the basis that any extra money would go into property. McGregor must remain confined, on the basis of the medical reports we have received.

How does basis work?

Basis is the difference between a local cash (or street) price and the futures market price for that commodity. Basis is calculated as cash price minus futures price.

What is basis in a company?

Basis is generally the amount of your capital investment in property for tax purposes. Use your basis to figure depreciation, amortization, depletion, casualty losses, and any gain or loss on the sale, exchange, or other disposition of the property. In most situations, the basis of an asset is its cost to you.

What is a daily basis?

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.

What does basis mean in accounting?

The basis of accounting describes how financial activities are recognized and reported; specifically, when revenues, expenditures (or expenses), assets, and liabilities are recognized and reported in the financial statements.

What does basis in reality mean?

1 something that underlies, supports, or is essential to something else, esp. an abstract idea. 2 a principle on which something depends or from which something has issued.

What is the basis for a thing to be considered good?

Article Summary. ‘Right’ and ‘good’ are the two basic terms of moral evaluation. In general, something is ‘right’ if it is morally obligatory, whereas it is morally ‘good’ if it is worth having or doing and enhances the life of those who possess it.

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.

Can basis be used as a verb?

COLLOCATIONSverbsform the basis of somethingThis research will form the basis of a book. provide a basis for somethingThe poem provided the basis for an interesting class discussion. become the basis of/for somethingSome of these ideas became the basis for the Parents’ Educational Union.

What does a case by case basis mean?

used to describe decisions that are made separately, each according to the facts of the particular situation: Wage increases will be negotiated on a case-by-case basis.

What is the plural of basis?

basis /ˈbeɪsəs/ noun. plural bases /ˈbeɪˌsiːz/ basis.

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 is a daily basis?

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.

What does it mean to have no basis?

Without basis for purposes of this section means frivolous, false, unsupported by a contract, or made with malice or bad faith or for any improper purpose.

How does basis work?

Basis is the difference between a local cash (or street) price and the futures market price for that commodity. Basis is calculated as cash price minus futures price.

What is basis in a company?

Basis is generally the amount of your capital investment in property for tax purposes. Use your basis to figure depreciation, amortization, depletion, casualty losses, and any gain or loss on the sale, exchange, or other disposition of the property. In most situations, the basis of an asset is its cost to you.