What does basing point mean?

basing point meaning in Law Dictionary

the positioning of cargo before tax. The fee increases or down centered on fare not on the income tax.

basing point meaning in Business Dictionary

research geographical place (airport, town, seaport, terminus) up to where freight or fare is initiated in a rate routine (tariff). These charges tend to be after that increased or decreased to compute cargo or fare the adjacent locations not contained in the tariff.