Denotation refers to the literal, dictionary, or basic factual meaning of a word — what the word objectively refers to. For example, the denotative meaning of 'home' is 'a place where one lives'. Connotation, by contrast, refers to the additional emotional, cultural, or associative meanings ('home' connoting warmth, family, comfort). Figurative meaning is connotative. Grammatical meaning relates to syntactic function. Hence factual/basic meaning is correct.
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