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ZERO BASED BUDGET is where the expenses or costs
of the prior year are not taken into consideration when establishing expense
or budgetary levels looking forward. Each expense category starts from
zero. All expenses or cost levels within the budget must be justified
or re-justified as being necessary; thus “zero-base”.
ZERO COUPON BONDS are bonds priced at
a large discount from face value. The bonds mature at full face value
so the difference between the original issue price and the face value
represents interest income. The issuer of the zero coupon bond saves on
cash flow since the interest isn't paid out until the end of the bond
holding period.
ZERO COUPON CONVERTIBLE DEBENTURE/SECURITY
is a zero coupon bond that is convertible into the common stock of the
issuing company after the common stock reaches a certain price.
ZERO-RATED denotes goods on which the
buyer pays no value-added tax although the seller can claim back any tax
he/she has paid.
ZERO-RATED SALES is when a sale is
taxable at the rate of 0%, i.e. no sales tax. Some examples could be:
basic groceries, prescription drugs or certain medical devices.
Z-SCORE see ALTMAN'S
Z-SCORE
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