base
noun
  1. the lowest or first position

    Example

    Turnover increased by 200 per cent, but started from a low base.

  2. a place where a company has its main office or factory, or a place where a business person's office is located

    Examples
    • The company has its base in London and branches in all the European countries.

    • She has an office in Madrid which she uses as a base while travelling in Southern Europe.

verb
Usage
to base something on something
to calculate something using something as your starting point or basic material for the calculation
Usage
based on
calculating from

"...the base lending rate, or prime rate, is the rate at which banks lend to their top corporate borrowers" [Wall Street Journal]

"...other investments include a large stake in the Chicago-based insurance company" [Lloyd's List]

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