Sec. 3.5. "Basis" means the difference between the flat price contract and a specified futures price of the same or a related commodity.
Ind. Code § 26-4-1-3.5
"Basis"
As added by P.L.114-2025, SEC.44.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.