Zero Balance
Zero balance is when the total outstanding balance is paid and there are no new charges or cash advances during a billing cycle.
Zero Liability Protection
A bank guarantee. If your card is lost or stolen, you may not be responsible for unauthorized purchases made with your card if you report the theft promptly. The Zero Liability Protection program is free and automatically available on all bank consumer credit cards.
Zero Based Budgeting (ZBB)
Method for preparing cash flow budgets and operating plans which every year must start from scratch with no pre-authorized funds. Unlike the traditional (incremental) budgeting in which past sales and expenditure trends are assumed to continue, ZBB requires each activity to be justified on the basis of cost-benefit analysis, assumes that no present commitment exists, and that there is no balance to be carried forward. By forcing the activities to be ranked according to priority, ZBB provides a systematic basis for resource allocation.
Zero Rate
Products or services that are exempt from value added tax. Buyers do not pay value added tax, however the seller may claim taxes paid.
Zero Dividend Preference Share
Share which receives a fixed lump sum on redemption and is not entitled to any periodic dividend.
