The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Z

ZONATION

Dividing land into zones according to features or intensity of disasters.

ZONING

Legislative process dividing land into zones for different uses such as industrial, open space, residential. See zonation.

ZERO INVENTORIES

Stage of ‘just in time inventory control’ where any waste is removed and only on hand and required inventory is available.

ZONING CODE

Local law saying how each parcel of land will be used. Also known as zoning ordinance.

ZERO LATENCY

Information technology. No time lag between information exchange to interfaces or the instant response to input.

ZONING PERMIT

Document from local government that allows a piece of land to be used for the prescribed purpose.

ZERO LATENCY ENTERPRISE

Firm responding to events as they happen as information between departments is exchanged with no delay.

ZERO COUPON YIELD CURVE

A yield curve showing discounts for maturities from a starting point to present. This is done through stripping the yield curve.

ZERO MINUS TICK

When a security sells at the price the last transaction had. This price is lower than the transaction prior to that one. Refer to minus tick, plus tick and zero plus tick.

ZERO PLUS TICK

Selling a security at the same price as the last time but higher than the one prior to it. Refer to minus tick, plus tick, and zero minus tick,

ZOMBIE

A company that is insolvent but continues to operate. This is done before restructuring or a bail out occur.

Z SCORE

The probability of bankruptcy. It is based on five financial ratios.

Z TABLE

an early mortality table which showed the actual mortality experienced by those insured by major insurers between 1925 and 1934.

ZAIBATSU

A japanese congromerate with one company taking control. It has been banned since the mid 1940s and is replaced by keiretsu.

ZAITECH

The final speculation of a japanese company to boost nonoperating income.

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