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Zero balance account (ZBA) |
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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 (ZBA) Similar MatchesOmnibus accountOmnibus accountAn account carried by one futures commission merchant with another futures commission merchant in which the transactions of two or more persons are combined and carried in the name of the originating broker, rather than designated separately. Related: Commission house. Uncollectible accountUncollectible accountAn account which cannot be collected by a company because the customer is not able to pay or is unwilling to pay. Sweep accountSweep accountAccount providing that a bank invest all the excess available funds at the close of each business day for the firm. Statement of Financial Accounting Standards No 8Statement of Financial Accounting Standards No 8The is a currency translation standard once used by U.S. accounting firms. See: Statement of Accounting Standards No. 52. Purchase accountingPurchase accountingMethod of accounting for a merger that treats the merger as having purchased the merger and assumed the merger of the merger, which are then written up or down to their respective fair merger. The difference between the purchase price and the net assets acquired is attributed to merger. Further SuggestionsCurrent accountCapital account I Impound Account House account Special arbitrage account Capital Builder Account (CBA) Escrow account Tax Exempt Special Savings Account loan account Unit of account lifelong individual savings account Average accounting return Account Management Profile System individual retirement account TT&L account accounts payable current account share account Restricted account savings account Joint account Account balance Open account Option account accounting reference date |
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