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.

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Example Sentences

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

Meantime the steel industry was concerned with another and more fundamental aspect of steel prices � the basing point system of quotations.

From Time Magazine Archive

Pittsburgh Plus was then replaced by the basing point system, which substituted a number of cities for Pittsburgh.

From Time Magazine Archive

Other industries now using basing point prices, which may also, include "phantom" freight charges, are cement, lumber, paper, flour, sugar.

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