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zero-base budgeting

noun
1.
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
1970
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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