Yield equivalence is the rate of interest at which a tax-exempt bond and a taxable security of similar quality provide the same after-tax return. This concept is essential for investors comparing tax-exempt and taxable investment options.
Zero-base budgeting (ZBB) is a method of budgeting in which all expenses must be justified for each new period, starting from a 'zero base.' This approach contrasts with traditional budgeting, which typically only requires justification for incremental changes to the budget.
Zero-Base Budgeting (ZBB) is a budgeting method where all expenses must be justified for each new period, starting from a 'zero base.' Unlike traditional budgeting, no expenses are automatically carried forward from the previous period.
