What does BASIS mean in Legislation?

This page is about the meanings of the acronym/abbreviation/shorthand BASIS in the Governmental field in general and in the Legislation terminology in particular.

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Definition

What does BASIS mean?

footing, basis, ground(noun)
a relation that provides the foundation for something

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"BASIS." Abbreviations.com. STANDS4 LLC, 2016. Web. 30 Sep. 2016. <http://www.abbreviations.com/term/358067>.