or zero-base adjective Date: 1970 having each item justified on the basis of cost or need <
zero-based budgeting

New Collegiate Dictionary. 2001.

Look at other dictionaries:

  • zero-based — ¦ ̷ ̷  ̷ ̷ ¦ ̷ ̷ adjective or zero base ¦ ̷ ̷  ̷ ̷ ¦ ̷ ̷ : having each item justified on the basis of cost or need zero based budgeting …   Useful english dictionary

  • zero-based — adjective Finance (of budgeting) in which items are costed anew rather than related to previous figures …   English new terms dictionary

  • Zero-based numbering — is numbering in which the initial element of a sequence is assigned the index 0, rather than the index 1 as is typical in everyday circumstances. Under zero based numbering, the initial element is sometimes termed the zeroth element, rather than… …   Wikipedia

  • Zero-based budgeting — is a technique of planning and decision making which reverses the working process of traditional budgeting. In traditional incremental budgeting, departmental managers justify only increases over the previous year budget and what has been already …   Wikipedia

  • zero-based budgeting — ➔ budgeting * * * zero based budgeting UK US (ABBREVIATION ZBB) noun [U] ACCOUNTING ► a method for business budgets in which all costs are considered again each year, and each department must say why it needs the amount it asks for: »Zero based… …   Financial and business terms

  • zero-based budgeting — zero base budgeting or zero based budgeting noun A system in which the budget of an organization, department, etc is drawn up anew each year without reference to any previous budget • • • Main Entry: ↑zero …   Useful english dictionary

  • Zero-Based Budgeting - ZBB — A method of budgeting in which all expenses must be justified for each new period. Zero based budgeting starts from a zero base and every function within an organization is analyzed for its needs and costs. Budgets are then built around what is… …   Investment dictionary

  • zero-based budget — noun A budget developed disregarding the expenses or costs of the prior year, requiring explicit justification for all expenditures. See Also: zero based review …   Wiktionary

  • zero-based budgeting —  A management policy which calls on all programs to justify every aspect of their funding at the start of each year.  The idea behind this policy is that nothing is sacred and all expenditures must be continually justified.  ► “Zero based… …   American business jargon

  • zero-based indexing — noun The method of indexing a vector or any data structure implemented using a vector (commonly a string or a multidimensional array) with non negative integers; i.e. starting with 0 …   Wiktionary

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