Z

ZERO-BALANCE ACCOUNT

A corporate checking account that provides decentralized disbursement control. After checks are written, a deposit is made exactly equaling the amount of the checks written. The account always returns to zero when all checks have cleared the bank.

ZONING

The regulation of structures and uses of property within designated boundaries, usually within local governmental jurisdictions. Generally, the classifications of zones are heavy industry, light industry, commercial, residential and farm.

 

All definitions were taken from www.small-business-dictionary.org.