Zero balance account: Difference between revisions
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imported>Doug Williamson m (Spacing 7/8/13) |
imported>Doug Williamson (Link with qualifications page) |
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A disbursement bank account on which cheques are written even though the balances in the accounts are maintained at zero. | 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]] | ||
* [[CertICM]] | |||
Revision as of 10:29, 29 November 2014
(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.
