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Z

   

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 .

   

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.

   

Zero coupon bond

A non-interest bearing bond sold at a discounted price.

   

Zero growth

An economic term indicating a decline in output for two or more consecutive quarters.

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