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Basket Price

What does Basket Price mean in American Law?

The definition of Basket Price in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

A slang term in the financial community for the price of a group of different securities which must be purchased together for a single consideration. An issuer might sell a bond with a face value of $1000, ten shares of common stock, and options to acquire 100 additional shares, all at a price of $1200 for “the whole basket.” As one can readily imagine, this sales technique raises hob with trying later to find one’s basis for any one of these securities when one tries to calculate the capital gain upon its subsequent sale.