The mininum claim amount that is necessary for you (as the buyer) to be entitled to funds from the escrow account.

The basket’s purpose is to eliminate disputes over very small claim amounts. As a buyer, however, you want it to be as small as possible so that you can have flexibility on the kinds of claims that come out of the escrow. On a 5M$ acquisition, the basket might be 25k or 50k.

*When the total claims exceed that threshold, then the escrow account pays from the first dollar of claims.

-Buying a small business, p.266