Burst Basket

A tisket, a tasket, a bunch of stocks in a basket...

Really, that's how this term is used: a group of stocks, usually a minimum of five, in one portfolio. Often this is done with trading programs that use an algorithm to group and sell stocks. With a basket trade, you can dictate some of the specifics (you could pick an industry to buy from, for example). However, if you use another grouping method, such as an Index Fund, you have to buy the whole group, all at once, like a grab bag.