Basket definition: Copy, customize, and use instantly
Introduction
The term "Basket" refers to a collection or group of items that are treated together under specific conditions in a contract. It can represent various types of assets, liabilities, or values combined in one unit. This term is crucial in financial agreements, where the basket can specify a threshold, limit, or a bundle of related items to be managed as a single entity.
Below are various examples of how "Basket" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Basket" as a group of assets
This definition ties "Basket" to a collection of assets grouped together.
"Basket" means a collection of assets, such as securities or commodities, grouped for the purpose of calculation, investment, or transaction.
Definition of "Basket" as a limit on exposures
This definition connects "Basket" to a limit on risk or exposure.
"Basket" refers to a specified limit on exposures, where the aggregate value of the assets or liabilities within the basket cannot exceed a defined threshold.
Definition of "Basket" as a category of liabilities
This definition links "Basket" to a grouping of liabilities in an agreement.
"Basket" means a category of liabilities that are aggregated for the purpose of determining the overall liability exposure of the party in question.
Definition of "Basket" as a threshold for certain actions
This definition applies "Basket" to set a threshold for particular actions or rights.
"Basket" refers to a threshold value or amount that, once exceeded, triggers specific actions, such as rights to purchase, sell, or initiate legal actions.
Definition of "Basket" as an allocation method
This definition ties "Basket" to the allocation of items within a framework.
"Basket" means an allocation method that combines multiple items, such as funds or shares, into a single unit for distribution, consideration, or calculation purposes.
Definition of "Basket" as a selection of options
This definition connects "Basket" to a selection of options that can be chosen from.
"Basket" refers to a selection of options from which a party may choose one or more to fulfill an agreement's terms.
Definition of "Basket" as an investment grouping
This definition links "Basket" to a collection of investments.
"Basket" means a grouping of investments, such as stocks, bonds, or other assets, bundled together for diversification, risk management, or return maximization.
Definition of "Basket" as a risk management tool
This definition applies "Basket" to a tool used in risk management.
"Basket" refers to a set of assets or liabilities grouped together to manage and mitigate financial or operational risks.
Definition of "Basket" as a collective value
This definition ties "Basket" to the collective value of multiple items.
"Basket" means the combined value of multiple items, such as securities or claims, treated as a single unit for the purpose of valuation or calculation.
Definition of "Basket" as a portfolio of securities
This definition connects "Basket" to a portfolio in financial agreements.
"Basket" refers to a portfolio of securities, where each individual security within the portfolio is considered as part of a larger, collective unit for investment purposes.
Definition of "Basket" as an asset class
This definition links "Basket" to an asset class.
"Basket" means a group of assets within the same category, such as equities or real estate, that are treated together for the purposes of calculation or analysis.
Definition of "Basket" as a group of indices
This definition ties "Basket" to a group of market indices.
"Basket" refers to a collection of indices, where the performance of the group is tracked collectively to determine an overall market trend or position.
Definition of "Basket" as a limit on capital expenditures
This definition connects "Basket" to a limit on expenses.
"Basket" means a specified limit on capital expenditures for a particular category of investments or purchases within the agreement.
Definition of "Basket" as a bundle of contracts
This definition links "Basket" to a bundle of related contracts.
"Basket" refers to a bundle of related contracts that are grouped together for the purposes of implementation, enforcement, or calculation.
Definition of "Basket" as a group of financial instruments
This definition ties "Basket" to a collection of financial instruments.
"Basket" means a group of financial instruments, such as bonds, stocks, or derivatives, which are treated collectively for the purpose of risk assessment or investment.
Definition of "Basket" as a weighting system
This definition connects "Basket" to a system used to weigh different elements.
"Basket" refers to a system that assigns different weights to various components, such as assets or investments, based on their significance in the overall structure.
Definition of "Basket" as a bundle of rights
This definition applies "Basket" to a bundle of rights held by a party.
"Basket" means a collection of rights, such as intellectual property rights, options, or privileges, that are grouped together for exercise or assignment.
Definition of "Basket" as a shared pool of resources
This definition ties "Basket" to a shared pool for resource allocation.
"Basket" refers to a shared pool of resources, such as funds, goods, or services, allocated for collective use or distribution among participants.
Definition of "Basket" as a collection of options
This definition connects "Basket" to a collection of choices.
"Basket" means a collection of available options, from which one or more choices can be made, often used in the context of selecting assets, investments, or benefits.
Definition of "Basket" as a collective market position
This definition links "Basket" to a collective position in the market.
"Basket" refers to a group of market positions, such as long or short positions in various assets, that are considered together for risk assessment and management.
Definition of "Basket" as a bundle of goods
This definition ties "Basket" to a bundle of physical goods.
"Basket" means a collection of physical goods, commodities, or items that are grouped together for purposes of sale, distribution, or measurement.
Definition of "Basket" as a weight for pricing
This definition applies "Basket" to the calculation of prices.
"Basket" refers to a weighted collection of goods or services used to calculate average prices, often used in inflation indices or pricing strategies.
Definition of "Basket" as a measurement of value
This definition connects "Basket" to measuring value.
"Basket" means a measurement tool that aggregates the value of several different items or assets, often used for valuation or benchmarking purposes.
Definition of "Basket" as a currency collection
This definition links "Basket" to a collection of currencies.
"Basket" refers to a collection of different currencies, used together for the purpose of investment, currency exchange, or hedging risk.
Definition of "Basket" as a collection of conditions
This definition ties "Basket" to a set of conditions in an agreement.
"Basket" means a collection of conditions that must be met for a contract or agreement to proceed, such as specific performance milestones or financial thresholds.
Definition of "Basket" as an insurance coverage limit
This definition connects "Basket" to insurance coverage.
"Basket" refers to a limit on insurance coverage, where the total amount of claims within the basket cannot exceed a certain threshold.
Definition of "Basket" as a bundle of financial rights
This definition links "Basket" to a bundle of financial rights.
"Basket" refers to a collection of financial rights or instruments, such as debt securities, options, or warrants, that are grouped together for use or trading.
Definition of "Basket" as a combined risk profile
This definition applies "Basket" to a combined risk profile.
"Basket" means a combined risk profile created by aggregating the risks associated with a group of assets, investments, or obligations.
Definition of "Basket" as a grouping of performance metrics
This definition ties "Basket" to a grouping of performance criteria.
"Basket" refers to a set of performance metrics or benchmarks that are considered together to evaluate the overall performance of a party or investment.
Definition of "Basket" as an aggregate tax base
This definition connects "Basket" to an aggregate tax base.
"Basket" means a combined tax base formed by aggregating various taxable assets or income sources for the purpose of tax calculation.
Definition of "Basket" as a cumulative financial amount
This definition links "Basket" to cumulative financial amounts.
"Basket" refers to a cumulative financial amount made up of multiple sources, such as earnings or expenses, that are considered collectively in financial reporting.
Definition of "Basket" as an investment option
This definition ties "Basket" to an investment option.
"Basket" means an option to invest in a collection of assets, such as stocks, bonds, or real estate, as a single investment unit.
Definition of "Basket" as a collective entity
This definition applies "Basket" to an entity formed by combining various elements.
"Basket" refers to a collective entity that is formed by combining different elements, such as assets, liabilities, or performance indicators, for unified management or analysis.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.