basis - definition in the Business English Dictionary - Cambridge Dictionaries Online

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basis

noun
 
 
/ˈbeɪsɪs/ ( plural bases /ˈbeɪsiːz/)
[C, usually singular] a fact or situation that makes it possible for something to exist, happen, or develop in a particular way: basis for sth Should the TV licence fee continue to be the basis for the BBC's funding? Ministers claimed the figures were bogus and had no basis in reality.be/form/provide the basis for sth Sustainable development should form the basis for a corporate vision of the future.as a basis for sth It is hoped that the WTO agreements will serve as a basis for strengthening relationships with developing countries.
[S] the way things happen, or are done or organized: on a daily/monthly/regular, etc. basis Skills need to be updated on an ongoing basis.on a full-time/permanent/temporary, etc. basis She's employed by the agency on a temporary basis. Assessment of insurance claims takes place on a case-by-case basis. →  See also accruals basis , cash basis
[S or U] the reason why someone does something or why something happens: There appears to be no logical basis for these proposals.on the basis of sth Discrimination on the basis of gender, age, race, or sexual orientation is against the law.on the basis that Some bidders were rejected on the basis that they lacked an understanding of the needs of the organization.
(Definition of basis from the Cambridge Business English Dictionary © Cambridge University Press)
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