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

Nearby words

  1. zero stage,
  2. zero tillage,
  3. zero tolerance,
  4. zero vector,
  5. zero-base,
  6. zero-coupon,
  7. zero-divisor,
  8. zero-emission,
  9. zero-emission vehicle,
  10. zero-point energy

Origin of zero-base budgeting

First recorded in 1970

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019