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Zero balance account

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Zero Balance Account or Impress Account:
A checking account in which zero balance is maintained by transfers of funds from a secondary (impress) account to a master account.
Zero-Sum Game: ...

 


Zero Balance Account. A checking account designed to have a zero balance. The bank transfers enough funds from an interest bearing account each day to pay all checks presented to the bank for payment.

Zero Balance Account
A bank account which does not require any minimum balance is termed as a zero balance account.
Zero Cost Collar ...

ZBA - Zero Balance Account - A checking account in which a balance of zero is maintained by automatically transferring funds from a master account in an amount only large enough to cover checks presented.

See: Zero balance account
Zabara
Applies mainly to international equities. Japanese securities transactions conducted on the principal of auction, i.e.

See: Zero balance account
Z bond
Also known as an accrual bond or accretion bond; a bond on which interest accrues interest but is not paid currently to the investor but rather is accrued, ...

See: Zero balance account
ZM
The two-character ISO 3166 country code for ZAMBIA.
ZMK ...

A single account established by an entity, usually in conjunction with one or more zero balance disbursement accounts. Sometimes the concentration account is referred to as a parent account while the associated zero balance accounts are called ...

See also: Checking account, Expense, Zero-sum game, Prepayment, Plus tick

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