: the bottom of something considered as its foundation. Fruit juice constitutes the basis of jelly. He is on a first-name basis with his customers.
BASIS definition: 1. the most important facts, ideas, etc. from which something is developed: 2. a way or method of…. Learn more.
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.
(topology) A collection of subsets ("basis elements") of a set, such that this collection covers the set, and for any two basis elements which both contain an element of the set, there is a third basis element contained in the intersection of the first two, which also contains that element.
Basis is generally the amount you paid for the asset. 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.
BASIS definition: the bottom or base of anything; the part on which something stands or rests. See examples of basis used in a sentence.
The basis of something is its starting point or an important part of it from which it can be further developed.
This principle forms the basis [= base, foundation] of the country's economic policies and will provide a firm basis for future development. The judge ruled that there is no legal basis [= ground] for a new trial.