e/Basis of futures

Information
has gloss	eng: In the context of financial futures, basis of futures can be defined as the spot price minus the futures price . There will be a different basis for each delivery month for each contract. In a normal market, basis will be positive. This reflects that futures prices normally exceeds spot prices. References
lexicalization	eng: Basis of futures
instance of	(noun) a financial instrument whose value is based on another security derivative instrument, derivative