Meaning of “cost basis” in the English Dictionary

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"cost basis" in Business English

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cost basisnoun [ S ]

uk us

FINANCE the original price that something cost to buy, rather than what it is worth now, used, for example, to decide how much tax must be paid:

The cost basis is used to determine the capital loss or capital gain on an investment.

(Definition of “cost basis” from the Cambridge Business English Dictionary © Cambridge University Press)