Short the Basis

The purchase of futures as a hedge against a commitment to sell in the cash or spot markets. See Hedging.

Source: Commodity Futures Trading Commission

Last reviewed October 2021

What Does it Mean for Other Institutions to “Defy” or “Check” the Supreme Court? Not What the Court Invites Those Institutions to Do

Illinois Law dean Vikram David Amar and professor Jason Mazzone respond to a recent column by New York Times columnist David Leonhardt, arguing that neither of the recent high-profile developments after the Dobbs v. Jackson Women’s Health Organization decision is an example of “defying” the Court or “checking” judicial power.