Z Bond: A Bond on which Interest accrues but is not currently paid to the Investor but rather is added to the Principal balance of the Z bond and becoming payable upon satisfaction of all prior bond classes.
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-base Budgeting (ZBB): Budgeting method that disregards the previous year’s Budget in setting a new budget, since circumstances may have changed. Each and every expense must be justified in this system.
Zero-beta Portfolio: A Portfolio constructed to have zero Systematic risk, similar to the risk-free asset, that is, having a Beta of Zero.
