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Zero-balance account |
A type of bank account whereby funds are automatically transferred into it from another account when claims against it arise versus maintaining funds in the account on a regular basis . |
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Zero-based budgeting |
A budgeting system that starts with no authorized funds as a starting point. In a zero-based budget, each activity or program to be funded must be justified every time a new budget is prepared and resources are allocated accordingly. |
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Zero coupon bond |
A non-interest bearing bond sold at a discounted price. |
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Zero growth |
An economic term indicating a decline in output for two or more consecutive quarters. |
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