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.


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Basis Quote. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 06, 2021 https://payrollheaven.com/define/basis-quote/.
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Basis Quote. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/basis-quote/ (accessed: December 06, 2021).
American Psychological Association (APA):
Basis Quote. PayrollHeaven.com. Retrieved December 06, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/basis-quote/

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.