ZBA

ZBA
zero-balance account (ZBA)
A cash management service offered by banks. A bank checking account that can accept deposits and/or make disbursements but that is always maintained at a zero balance. The zero balance is maintained by transferring just enough funds from or to a concentration account to offset each day's activity.
The concentration account is sometimes called the parent account and the zero-balance account is sometimes called the daughter account or subsidiary account. American Banker Glossary
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Financial and business terms. 2012.

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Look at other dictionaries:

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