Basicity measures a chemical species' tendency to act as a base. For proton transfer, it is the tendency to accept a proton; for a Lewis base, it concerns association with a Lewis acid through an electron pair. A comparison must specify the reaction partner and medium.[ref]
IUPAC Compendium of Chemical Terminology, fifth edition (Gold Book). Basicity, entry B00611
For a base in water,The are thermodynamic activities, with the solvent convention absorbed into . At the same temperature and standard-state conventions, . Thus a higher conjugate-acid corresponds to stronger basicity in that medium. Basicity is an equilibrium property; a fast nucleophilic substitution need not identify the stronger equilibrium base.
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