Zero-base budgeting (ZBB)

Definition:

Budgeting method that disregards the previous year's budget in setting a new budget, since circumstances may have changed. Each and every expense must be justified in this system.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

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Particular place on the floor of an exchange where transactions in stocks listed on the exchange occur.

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