Basin

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A geological basin is a large low-lying area. It is often below sea level.

Geological basins are one of the two most common places inland which collect sediment (the other is lakes). The type of rocks which form there tell about the palaeoclimate of the continent. The geology is of interest to oil prospectors, hydrologists and palaeontologists.[1]

References

https://simple.wikipedia.org/wiki/Basin_(geology)