zero-balance account
zero-balance account
Finance dictionary of financial terms
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Economics and finance
Definition of zero-balance account
zero-balance account: A disbursement account that always has an end-of-day balance of zero because the firm deposits money to cover cheques drawn on the account only as they are presented for payment each day.
Source : http://foba.lakeheadu.ca/hartviksen/2039/Finance%20Dictionary.doc
link: http://foba.lakeheadu.ca/
Author : not indicated on the source document of the above text
Finance dictionary of financial terms
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Definition and meaning of zero-balance account
Meaning of zero-balance account
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