zero-base budgeting
or zero-based budgeting
noun
a process in government and corporate finance of justifying an overall budget or individual budgeted items each fiscal year or each review period rather than dealing only with proposed changes from a previous budget. Abbreviation: ZBB
Origin of zero-base budgeting
1First recorded in 1970
Words Nearby zero-base budgeting
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
Browse