Business Dictionary :

Basis and Bases

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Basis : noun :

(a) Point or number from which calculations are made

• We forecast the turnover on the basis of a 6% price increase.

(b) General terms of agreement on a short-term or long-term basis = for a short or long period

• He has been appointed on a short-term basis.

• We have three people working on a freelance basis.

NOTE : The plural is bases

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