Zero balance account: Difference between revisions
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imported>Doug Williamson m (Spacing 7/8/13) |
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(ZBA). A disbursement bank account on which cheques are written even though the balances in the accounts are maintained at zero. | (ZBA). | ||
A disbursement bank account on which cheques are written even though the balances in the accounts are maintained at zero. | |||
Debits are covered by a transfer of funds from a master account at the same bank. | Debits are covered by a transfer of funds from a master account at the same bank. | ||
== See also == | == See also == | ||
* [[Master account]] | * [[Master account]] | ||
Revision as of 12:01, 7 August 2013
(ZBA).
A disbursement bank account on which cheques are written even though the balances in the accounts are maintained at zero. Debits are covered by a transfer of funds from a master account at the same bank.
