The Law Dictionary

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

Category: Z

ZONING EXCEPTION

the special permission for a structure to be built where it contravenes the zoning laws.

ZONING COMMISSION

The people appointed by the town or city government that administer the zoning regulations and laws.

ZONING LAWS

These are the laws, rules, regulations and ordinances that govern the types of structures that can be built in various parts of the town, community or municipality.

ZERO COST OPTION

Strategy of trading where one option purchased is equal to one option sold.

ZIPPED FILE

File of compressed data that can be expanded when received using an unzipping program.

ZERO COUPON CONVERTIBLE

Zero coupon bond that can be converted to common stock at a set price or if government issued into a bond bearing interest.

ZIPPER CLAUSE

Provision of collective bargaining agreements stating that all parts of the agreement are contained and nothing has ben left out.

ZERO DEFECTS

Level of prevention of defects where output is within limits.

ZOMBIE DEBT

Term describing old debts bought to life by actions of collecting it.

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.

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