Definition of "basis" []

• A foundation upon which something rests. (noun)
• The chief constituent; the fundamental ingredient: The basis for most liquids is water. (noun)
• The fundamental principle. (noun)
• A pattern or schedule for proceeding: on a weekly basis. (noun)
• A condition for relating or proceeding: a first-name basis; a friendly basis. See Synonyms at base1. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "• Trading margin of 13. 5%; up 155 bps on a constant currency basis and 160 bps on an actual currency basis*"
• "Telekom Austria Actual currency Constant currency Constant Group basis basis* currency basis*"
• "But in bond-market commentary, the term basis point is permissible."