Share this entry

Share this page

zero-based

Syllabification: ze·ro-based
Pronunciation: /ˈzērōbāst/

Definition of zero-based in English:

adjective

Finance
(Of a budget or budgeting) having each item costed anew, rather than in relation to its size or status in the previous budget.
Example sentences
  • This makes zero-based budgeting or even activity-based costing almost pointless from a budget officer's point of view, since so little of a district's funds are available for reallocation.
  • As you prepare next year's budget, should you start from scratch and use zero-based budgeting?
  • I'm tormented by these zero-based environments where we've abandoned so many children.

Definition of zero-based in:

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day prepotent
Pronunciation: ˌprēˈpōtnt
adjective
greater than others in power or influence