Business glossary

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Zaibatsu - Large family-owned conglomerates that controlled much of the economy of Japan prior to World War II. The four most historically significant zaibatsus, the Big Four, are Mitsubishi, Mitsui, Yasuda, and Sumitomo whose roots date back to the Japanese Edo period.

Zeitgeist - A German expression that can be interpreted to mean “the spirit of time.” It indicates the general intellectual state and outlook of an era or generation.

Zero balance account - A bank account that does not hold funds continuously, but has money automatically transferred into it from another account when claims arise against it.

Zero fund - To assign no money to a business project without actually canceling it.

Zoning - Local municipalities regulating businesses to operate at particular sites.