BASIS, INVESTMENT Definition

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BASIS, INVESTMENT, is the cost or book value of an investment. The gain or loss on an investment is the sale price less the basis. Basis is often called "cost basis."

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OASDI is Old-Age, Survivors, and Disability Insurance (US Social Security).

SUPPLANT is to take the place of or move into the position of, e.g. the computer supplanted the slide rule.

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