Zero balance account: Difference between revisions
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imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Add link.) |
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== See also == | == See also == | ||
* [[Account]] | * [[Account]] | ||
* [[Balance]] | |||
* [[Master account]] | * [[Master account]] | ||
[[Category:Cash_management]] | [[Category:Cash_management]] | ||
[[Category:Financial_products_and_markets]] | [[Category:Financial_products_and_markets]] | ||
Revision as of 16:56, 18 July 2022
(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.
