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zero-base budgeting
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zero base 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
Also,
zero-based budgeting.
Origin:
1970
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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budgeting
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