BAX Contract

Business, Legal & Accounting Glossary

Definition: BAX Contract


BAX Contract


Full Definition of BAX Contract


Short-term, 3 month maturity and a value of C$1 million, with the Canadian banker’s acceptance (BA) as the underlying security. Contracts are flexible, liquid, and don’t tie up credit lines. BAX contracts are traded on Montreal Derivatives Exchange. Also called banker’s acceptance contracts.


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https://payrollheaven.com/define/bax-contract/
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BAX Contract. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 06, 2021 https://payrollheaven.com/define/bax-contract/.
Chicago Manual of Style (CMS):
BAX Contract. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/bax-contract/ (accessed: December 06, 2021).
American Psychological Association (APA):
BAX Contract. PayrollHeaven.com. Retrieved December 06, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/bax-contract/

Definition Sources


Definitions for BAX Contract are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 14th November, 2021 | 0 Views.