Okuzeka
Finance & Banking vocabulary · Accounts & Deposits

Zero-balance account

Meaning in finance & banking, with examples

nounAdvanced term

In finance & banking, zero-balance account means: An account automatically funded or swept so that it returns to a target balance of zero.

In Turkish: sıfır bakiyeli hesap

How it is used

Use for the account structure; it does not mean an ordinary account that happens to be empty.

Example sentences

  1. The subsidiary's zero-balance account swept its surplus to the central account overnight.

    The automatic transfer restores the subsidiary account's zero target.

  2. The central account funded the zero-balance account for the payroll run.

    Payments can be funded while cash remains centrally managed.

Common collocations

  • zero-balance account structure
  • fund a zero-balance account
  • current accountAn everyday bank account for receiving a salary, paying bills and making card payments. It pays little or no interest, and the money can be used at any time.
  • treasuryThe department of a bank or company that manages its cash, liquidity, funding, foreign exchange and interest rate risk; also the government ministry in charge of public money.

More terms: Accounts & Deposits

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This page explains English vocabulary for learners. It is not financial advice.