Refers to the price (including the closing costs) to purchase another company or property. In the context of investments, refers to price plus brokerage commissions, of a security, or the sales charge applied to load funds. See: Tax basis.
Expenses incurred by a ceding company in the process of writing new or renewal business, including producer commissions. These expenses may include commissions, medical and inspection fees, and field supervision costs.
Term for the total cost of vehicle, plus lessor's markup, minus the lessee's down payment. This is the financed value of the vehicle at the start of the lease.