Series 7: Cost Basis

Taken from our Series 7 - General Securities Representative Exam

Definition of the term Cost Basis...

the buyer’s cost of purchasing an asset and the starting value that an investment’s profit or loss must be measured against for tax purposes. Also called tax basis.

Since you're reading about Series 7: Cost Basis, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 7
Please Enable Javascript
to view this content!