See Also: Zero-balance account (ZBA)(money)
Zero Balance Account (ZBA)(finance)
Zero Balance Account(money)
Account balance(money)
Account balance(finance)
Current account balance(finance)
Current account balance(money)
Money Market Demand Account (M.M.D.A.)(finance)
Money Market Demand Account (M.M.D.A.)(money)
Official settlements balance (overall balance)(money)

Zero Balance Account (money)


Definition: Accounts maintained at a bank wherein there are no balances on deposit. Rather, debits are accumulated against the account for a given period of time and then a company's master account is charged foDefinition: r the amount of the debit balances and the ZBA account is credited, thereby bringing the balances up to a zero balance. This procedure provides cash control without the need for many bank accounts.