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
Origin of zero-base budgeting
First recorded in 1970
Words nearby zero-base budgeting
zero stage,
zero tillage,
zero tolerance,
zero vector,
zero-base,
zero-base budgeting,
zero-coupon,
zero-divisor,
zero-emission,
zero-emission vehicle,
zero-point energy