Zero balance account

From ACT Wiki
Revision as of 12:01, 7 August 2013 by imported>Doug Williamson (Spacing 7/8/13)
Jump to navigationJump to search

(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.

See also