Zero balance account: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Administrator
(CSV import)
 
imported>Doug Williamson
(Add links.)
 
(6 intermediate revisions by the same user not shown)
Line 1: Line 1:
(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 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 ==
* [[Account]]
* [[Balance]]
* [[Cash]]
* [[Cash balance]]
* [[Cash flow]]
* [[Master account]]
* [[Master account]]


[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]

Latest revision as of 22:08, 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.


See also