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basing point

American  

noun

  1. a geographical location from which freight charges are computed by the seller regardless of the point from which the goods are shipped.


Example Sentences

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U.S. troops long have used Jordan, a kingdom bordering Iraq, Israel, the Palestinian territory of the West Bank, Saudi Arabia and Syria, as a basing point.

From Seattle Times Jan. 28, 2024

Last week Assistant Secretary of State for Economic Affairs Willard L. Thorp told a congressional committee that world oil prices are fixed to correspond to the basing point system of U.S. prices.

From Time Magazine Archive

The "multiple basing point system" worked that way.

From Time Magazine Archive

Montana's Senator Burton Kendall Wheeler is earnestly trying to end the basing point once & for all with a bill introduced last month.

From Time Magazine Archive

Two years ago the basing point system's freight-rate differentials against Birmingham were abolished, and Birmingham, whose pig iron is $4.83 a ton cheaper than Pittsburgh's, got a green light to expand.

From Time Magazine Archive

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