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Home > QFINANCE Dictionary > Definition of zero-based budgeting

Definition of

zero-based budgeting

Accounting

budgeting method requiring costs to be justified a method of budgeting that requires each cost element to be specifically justified, as though the activities to which the budget relates were being undertaken for the first time. Without approval, the budget allowance is zero.

Related definitions of "zero-based budgeting"

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

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