Zero-balance account

Zero-balance account (ZBA)

A checking account in which zero balance is maintained by transfers of funds from a master account in an amount only large enough to cover checks presented.

Zero Balance Account

An account that maintains no funds in it because the account holder transfers only enough funds into it to cover checks written on it. A zero balance account exists so companies can prevent excessive balances on accounts and more effectively control how they distribute funds.

单词	zero-balance account
释义	Zero-balance account Zero-balance account (ZBA) A checking account in which zero balance is maintained by transfers of funds from a master account in an amount only large enough to cover checks presented. Zero Balance Account An account that maintains no funds in it because the account holder transfers only enough funds into it to cover checks written on it. A zero balance account exists so companies can prevent excessive balances on accounts and more effectively control how they distribute funds.
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