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 RATE

Services and products exempt from value added tax.

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.

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.

ZERO UPTICK

Transaction at the same price as one before it but higher than the one before that.

ZERO AIR

Ambient air that has been filtered to have less than 0.1 PPM of hydrocarbons.

ZERO-COUPON BOND

Bond that (1) pays no interest but is sold subpar, (2) interest paying bond stripped of its coupon. Also known as non-interest bearing bond, zero interest bond, zero rated bond.

ZERO-PROOF BOOKKEEPING

Used in small businesses and by individuals. Method of bookkeeping with a zero balance at end of the accounting period.

ZIP CODE

Code established by US Postal service to indicate each location. Has since been made 9 digits allowing more accurate identification of a location. Stands for Zoning Improvement Plan.

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.

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