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Search definitions        Search       All     A     B     C     D     E     F     G     H     I     J     K     L     M     N     O     P     Q     R     S     T     U     V     W     X     Y   Z       Zakat A term used in Islamic finance to refer to the obligation that an individual has to donate a certain proportion of wealth each year to charitable causes. Zakat is a mandatory process for Muslims in order to physically and spiritually purify their yearly... Posted by  Convention of Independent Financial Advisors CIFA View details Zero Balance Account - ZBA A checking account in which a balance of zero is maintained by automatically transferring funds from a master account in an amount only large enough to cover checks presented. ZBA is a checking account which always maintains a balance of zero. Whenever... Posted by  IQPC Ltd View details Zero Based Budgeting - ZBB A method of budgeting in which all expenditures must be justified each new period, as opposed to only explaining the amounts requested in excess of the previous period's funding. Zero-based budgeting starts from a "zero base" and every function within... Posted by  Kaishen AG View details Zero Basis Risk Swap - ZEBRA A Swap agreement between a municipality and a financial intermediary. Also known as a "perfect Swap" or "actual rate Swap". The municipality pays a Fixed Rate of Interest to the financial intermediary and receives a floating rate of Interest in return.... Posted by  Privatebanking.com View details Zero Cost Collar A type of positive-carry Collar that secures a return through the purchase of a Cap and sale of a floor. Also called "zero cost options" or "Equity Risk Reversal. This investment strategy is sometimes used in relation to Interest rates, commodities, options,... Posted by  Privatebanking.com View details Zero-coupon bond A Bond which pays no coupons, is sold at a deep Discount to its face value, and matures at its face value. A zero-Coupon Bond has the important advantage of being free of Reinvestment risk, though the downside is that there is no opportunity to enjoy the... Posted by  Privatebanking.com View details Zero-Coupon Bond A Debt Security that doesn't pay Interest (a Coupon) but is traded at a deep Discount, rendering profit at maturity when the Bond is redeemed for its full face value. Also known as an "accrual Bond". A Zero coupon bond (also called a Discount Bond or deep... Posted by  Privatebanking.com View details Zero-Sum Game A situation in which one participant's gains result only from another participant's equivalent losses. The net change in total wealth among participants is zero; the wealth is just shifted from one to another. Options and Future contracts are examples... Posted by  Catalyst Financial Partners LLC View details Zeros (Zero Dividend Preference Share) A type of share which offers a Fixed Rate of return as a capital sum at the end of the term, but in the meantime no dividends. Normally used to meet known Future needs, and/or as a (normally) Low Risk way of using your CGT exemption. The Risk inherent... Posted by  Institute for International Research View details Zig Zag A Technical Analysis indicator that filters out changes in an Underlying plot that are less than a specified amount. In other words, it helps to show only significant changes. A zig zag indicator is a trend following indicator that is used to predict... Posted by  Convention of Independent Financial Advisors CIFA View details Zombies Companies that continue to operate even though they are insolvent. Also known as living dead. Zombies are companies that continue to operate even though they are insolvent or near Bankruptcy. Zombies often become casualties to the High costs associated... Posted by  Privatebanking.com View details Zoning Government (usually municipal) laws that control the use of land within a jurisdiction. Zoning areas may be classified as residential, commercial, farming, and so forth. Posted by  Privatebanking.com View details ZZZZ Best A company owned by Barry Minkow in the 1980s. Through such means as forgery and theft, Minkow appeared to be building a multimillion dollar Corporation. ZZZZ Best went public in December of 1986, eventually reaching a market capitalization of over $200... Posted by  Privatebanking.com View details   Submit new definition

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