Basis
/ˈbeɪsɪs/
Definitions
- (n.) The underlying principle or foundation for a legal claim, contract, or argument.
The plaintiff's case lacked a strong legal basis.
- (n.) The amount or value from which obligations or rights are derived, especially in tax or property law.
The seller’s basis in the property determines the capital gains tax.
Forms
- bases
Related terms
See also
Commentary
In legal drafting, clearly stating the basis of a claim or agreement ensures clarity and reduces ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.