Zero Balance Account
ZBA. A checking account which always maintains a balance of zero. Whenever the corporation needs to write a check, they transfer money into the account for the exact sum for which the check will be written, so that once the check is cashed there will once again be a balance of zero in the account. This helps the corporation avoid having money in too many different places.
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Zero Balance Account is ...
... part of the Accounting and Banking subjects.







