Basis Price
Price quotation for a security expressed in terms of yield to maturity. This will usually only be quoted on fixed-income securities such as bonds.
Investopedia Commentary
For example, if a bond price was quoted as 10% and this was also the yield to maturity, then the 10% would be the basis price.
Related Links
Bond Basics Tutorial
Advanced Bond Concepts
See also: Bond, Fixed-Income Security, Maturity, Yield To Maturity - YTM
basis price
The price of a security quoted in terms of its yield rather than its dollar price. Bonds are often quoted on a basis price reflecting yield to maturity since such information is of greatest importance to an investor deciding to buy or sell.
The price selected by a specialist at which to execute an odd-lot order on an inactive stock. The large spread on inactive stocks often results in a basis price that splits the difference between the bid and ask.