General Finance

General Finance

Industry: Financial services

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General Finance

Z bond

Financial services; General Finance

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)

Financial services; General Finance

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)

Financial services; General Finance

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

Financial services; General Finance

A portfolio constructed to have zero systematic risk, similar to the risk-free asset, that is, having a beta of zero.

zero-bracket amount

Financial services; General Finance

The standard deduction portion of income which is not taxed for taxpayers choosing not to itemize deductions.

zero-coupon bond

Financial services; General Finance

A bond in which no periodic coupon is paid over the life of the contract. Instead, both the principal and the interest are paid at the maturity date.

zero-coupon convertible security

Financial services; General Finance

A zero-coupon bond convertible into the common stock of the issuing company after the stock reaches a certain price, using a put option inherent in the security. Also refers to zero-coupon bonds, ...