booking the basis
- A sales arrangement where the cash price is decided by the buyer or seller within a specific time, after which a pre-established basis is applied to the current futures quotation
- The farmer's success with booking the basis allowed him to ensure a steady income despite fluctuating market prices.
- To hedge against considerable market risk, the investors decided on booking the basis when arranging the sale.
- During volatile market conditions, booking the basis can provide more price stability.