Zero balance account: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Link with qualifications page) |
imported>Doug Williamson (Update.) |
||
| Line 1: | Line 1: | ||
(ZBA). | (ZBA). | ||
A disbursement bank account | A disbursement bank account from which payments are made, 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 == | ||
* [[CertICM]] | |||
* [[Master account]] | * [[Master account]] | ||
Revision as of 08:46, 12 July 2019
(ZBA).
A disbursement bank account from which payments are made, 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.
