Basis

Basis may refer to:

  • BASIS, Bangladesh Association of Software and Information Services
  • BASIS International, a programming language development company
  • in Renaissance music, the bassline was sometimes called the basis
  • BASIS Schools, a group of high-expectations schools primarily in Arizona, USA but also with locations in Washington, D.C. and Texas
  • Basis Technology Corp., a text analytics company
  • In economics:

  • Adjusted basis, the net cost of an asset after adjusting for various tax-related items
  • Basis of futures, the value differential between a future and the spot price
  • Basis (options), the value differential between a call option and a put option
  • Basis point, 0.01%, often used in the context of interest rates
  • Basis trading, a trading strategy consisting of the purchase of a security and the sale of a similar security
  • Cost basis, in income tax law, the original cost of property adjusted for factors such as depreciation
  • Tax basis, cost of an asset
  • In mathematics:

  • Basis function
  • Basis (linear algebra)
  • Basis trading

    Basis trading is a financial trading strategy which consists of the purchase of a particular financial instrument or commodity and the sale of its related derivative (for example the purchase of a particular bond and the sale of a related futures contract).

    Basis trading is done when the investor feels that the two instruments are mispriced relative to one other and that the mispricing will correct itself so that the gain on one side of the trade will more than cancel out the loss on the other side of the trade. In the case of such a trade taking place on a security and its related futures contract, the trade will be profitable if the purchase price plus the net cost of carry is less than the futures price.

    Basis of futures

    Basis can be defined as the difference between the spot price of a given cash market asset and the price of its related futures contract. There will be a different basis for each delivery month for each contract. Usually, basis is defined as cash price minus futures price, however, the alternative definition, future price minus cash, is also used. A basis trade profits from the closing of an unwarranted gap between the futures contract and the associated cash market instrument.

    Ground (Dzogchen)

    In Dzogchen Ground (Tibetan: གཞི, Wylie: gzhi ; IAST: āśraya or sthāna) is the primordial state. It is an essential component of the Dzogchen tradition for both the Bonpo and the Nyingmapa. Knowledge of this Ground is called rigpa.

    Etymology

    The Tibetan: གཞི, Wylie: gzhi has been rendered as 'Base', 'Basis', 'Ground' and 'Ground of Being' amongst other English glosses. According to Dudjom the original Sanskrit-term is āśraya (IAST; Sanskrit Devanagari: आश्रय; Etymology: आ- √श्रि), but it could also be sthāna.

    Sam van Schaik states that gzhi is to be distinguished from kun gzhi. In the Seminal Heart series a distinction is made between kun gzhi, c.q. ālaya, "the base of it all", the samsaric basis of consciousness, of all the samsaric appearances; and gzhi, "the nirvanic basis known as the ground."

    Three qualities

    According to the Dzogchen-teachings, the Ground or Buddha-nature has three qualities:

  • ngo bo, "essence", openness or emptiness (Wylie: ngo bo stong pa ),
  • rang bzhin, "nature", luminosity, lucidity or clarity (as in the luminous mind of the Five Pure Lights) (Wylie: rang bzhin gsal ba ),
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