Dictionary

Zero Balance Account (ZBA)

  • Updated on
Form of checking account with zero balance or a cash pooling system is known as Zero Balance Account. This is funded by the automated process in which funds get transferred from a main (master) account. The amount so transferred is only significant enough to cover checks presented.

Term of the day

Market Risk

What is a Market Risk? Market risk reflects the potential of reduction in the investment value due to the interplay of varying market forces in the direction t......
[ Read More ]
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK