Legal Articles

ZONING EXCEPTION

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

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ZONING COMMISSION

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

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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.

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ZERO DEFECTS

Level of prevention of defects where output is within limits.

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ZOMBIE DEBT

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

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ZERO DISCHARGE TECHNOLOGY

Industrial processes that won’t release any toxic or harmful material into the environment.

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ZONATION

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

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ZERO DIVIDEND PREFERENCE SHARE

Share receiving a fixed sum on redemption.

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ZONE OF POSSIBLE AGREEMENT

Acceptable range of outcomes from negotiation between parties.

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ZERO GROWTH STOCK

A stock that will return a set amount until it matures.

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ZONING

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

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ZERO INVENTORIES

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

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ZONING CODE

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

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ZERO LATENCY

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

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ZONING PERMIT

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

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ZERO LATENCY ENTERPRISE

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

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Z-SPREAD

Way of analyzing an assets swap.

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ZERO RATE

Services and products exempt from value added tax.

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ZZZZ BEST

Company created by Barry Minnow in the 1980’s that appeared to be successful but most of the profits were from crime , fraud or fabricated. Went public in 1986, bankrupt in 1987. Minnow was jailed for 25 years for misappropriation of more than $23 million of company funds.

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ZERO SUM GAME

Decision theory. Where a participant’s gain equals another’s loss. Also known as constant sum game. See negative or positive sum game.

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