basis
A2CEFR level
10/100Rarity: common
TechnicalRegister
The difference between the spot price of an asset and the price of its related futures contract.
The hedge slipped because the basis widened unexpectedly between the cash grain and the futures.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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