zero-base budgeting

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. 2012.
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Zero-base budgeting is always a great word to know.
So is doohickey. Does it mean:
the offspring of a zebra and a donkey.
a gadget; dingus; thingumbob.
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