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Home > QFINANCE Dictionary > Definition of zero-balance account

Definition of

zero-balance account

Banking

bank account for outgoings, holding no residual funds a bank account that does not hold funds continuously, but has money automatically transferred into it from another account when claims arise against it

Definitions of ’zero-balance account’ and meaning of ’zero-balance account’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’zero-balance account’ and other financial terms with our online QFINANCE Financial Dictionary.

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