What does exsanguination mean? Definitions for exsanguination Here are all the possible meanings and translations of the word exsanguination.
Basis is the value used to determine profit or loss when property is sold for assessing income tax and capital gains tax. Under tax law, basis means the cost of property after adjusting the depreciation.
DEFINITION of 'Cost Basis'. 1. The original value of an asset for tax purposes (usually the purchase price), adjusted for stock splits, dividends and return of capital distributions. This value is used to determine the capital gain, which is equal to the difference between the asset's cost basis and the current market value.