Zero Balance Account - ZBA

Zero Balance Account - ZBA
A checking account in which a balance of zero is maintained by automatically transferring funds from a master account in an amount only large enough to cover checks presented.

A zero balance account is used by corporations to eliminate excess balances in separate accounts and maintain greater control over disbursements.


Investment dictionary. . 2012.

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Look at other dictionaries:

  • Zero-balance account (ZBA) — A checking account in which zero balance is maintained by transfers of funds from a master account in an amount only large enough to cover checks presented. The New York Times Financial Glossary …   Financial and business terms

  • zero-balance account — ( ZBA) A cash management service offered by banks. A bank checking account that can accept deposits and/or make disbursements but that is always maintained at a zero balance. The zero balance is maintained by transferring just enough funds from… …   Financial and business terms

  • ZBA — zero balance account (ZBA) A cash management service offered by banks. A bank checking account that can accept deposits and/or make disbursements but that is always maintained at a zero balance. The zero balance is maintained by transferring just …   Financial and business terms

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  • ZBA —   An acronym for Zero Balance Account …   International financial encyclopaedia

  • parent account — See zero balance account ( ZBA); concentration account …   Financial and business terms

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