Zero Balance Account (ZBA) is a system of checking account which always contains a balance of zero funds. A ZBA is a legacy system of two banks account, of which an entity makes a check payment that transfers only enough funds into the account to maintain a zero balance, the amount equal to the checks cleared each day. A ZBA is used by corporations to eliminate excess balances for investment purposes, and to leave in the current accounts of the subsidiaries that minimum amounts to be dealt.
Related Definitions in the Project: The Commercial Definitions
