Definitions & Acronyms

A B C D E F G I L M N O P Q R S T U V W

Term/Acronym Definition

BABR

Term/Acronym	Definition
BABR	Bank Accepted Bill Rate
business	includes any of the following, whether carried on by one person or two or more persons together: (a) a profession or trade; (b) any other activity carried on for fee, gain or reward; (c) the activity of employing one or more persons who perform duties in connection with another business; (d) the carrying on of a trust (including a dormant trust); (e) the activity of holding any money or property used for or in connection with another business, whether carried on by 1 person or 2 or more persons together.

Bank Accepted Bill Rate

business

includes any of the following, whether carried on by one person or two or more persons together:

(a) a profession or trade;

(b) any other activity carried on for fee, gain or reward;

(d) the carrying on of a trust (including a dormant trust);

(e) the activity of holding any money or property used for or in connection with another business, whether carried on by 1 person or 2 or more persons together.