Basing Point

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Basing Point

In accounting, the geographical location where a commodity has a certain price. The basing point is used to help determine the price for the same commodity in another location. In general, the price at the basing point is added to transportation costs to arrive at the price elsewhere.
References in periodicals archive ?
New to this edition are chapters replacing Dow Theory, an update of Dow Theory Record, new chapters on Stops and Basing Points, new additions on moving average systems, and new material on Ralph Vince's Leverage Space Model.
"The Politics of Basing Point Legislation." Law and Contemporary Problems, Spring 1950, 272-310.
"The Economics of Basing Point Pricing." Law and Contemporary Problems, Spring 1950, 159-80.