Basis Quote

Business, Legal & Accounting Glossary

Definition: Basis Quote

Basis Quote

Full Definition of Basis Quote

A quote used for futures contracts which simplifies the quoted price. A basis quote is written as a given dollar amount higher or lower than the price of an existing futures contract. For example, a basis quote could be given as $10 below a oil futures contract which expires in August, and this would simply mean a price $10 less than the value of the August oil futures contract.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Basis Quote. Payroll & Accounting Heaven Ltd.
December 06, 2021
Chicago Manual of Style (CMS):
Basis Quote. Payroll & Accounting Heaven Ltd. (accessed: December 06, 2021).
American Psychological Association (APA):
Basis Quote. Retrieved December 06, 2021
, from website:

Definition Sources

Definitions for Basis Quote are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.