Business and Personal Finance Dictionary

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• 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 or subsidiary account.
  
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