Booking The Basis

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Definition: Booking The Basis

Booking The Basis
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Full Definition of Booking The Basis

A method of documenting a trade whereby the buyer and seller agree to determine a future cash price for the transaction. Both parties agree upon the formula to be used, then, at the time of the trade, the current futures price is used as the variable in the formula to calculate the actual price.

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https://payrollheaven.com/define/booking-the-basis/
Modern Language Association (MLA):
Booking The Basis. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/booking-the-basis/.
Chicago Manual of Style (CMS):
Booking The Basis. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/booking-the-basis/ (accessed: April 20, 2024).
American Psychological Association (APA):
Booking The Basis. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/booking-the-basis/

Definition Sources

Definitions for Booking The Basis 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: 20th November, 2021 | 0 Views.