Z (2024)

Banker's Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Z bond
See Z tranche.

Z score
One of the oldest and most well-known insolvency prediction formulas. The Z score, developed by Dr. Robert Altman, is a financial model that uses historical financial data to calculate a score. The Z score successfully predicts bankruptcy with well over 90 percent accuracy using data from one year prior and is over 70 percent accurate using data from as many as five years prior to bankruptcy. Other financial models claim even higher accuracy levels.

Z tranche
A Z tranche is a CMO tranche. With the exception of jump Z tranches, owners of the Z tranche receive no cash flow from underlying mortgage collateral until the other tranches are retired. During the period when other tranches are still outstanding, the owners of the Z tranche receive credit for periodic interest. Those credits increase the face value of the tranche but are not paid to the owners. The Z bond may be, but does not have to be, the last tranche in a CMO structure that is retired. Sometimes called an accretion bond or an accrual bond.

ZBA
See zero-balance account.

Zero cost collar
The purchase of a floor (or cap) option with the proceeds realized from simultaneous sale of a cap (or floor) option. The levels of the floor and cap are selected so that the proceeds from the option sold exactly offset the cost of the option purchased resulting in a net transaction cost of zero. See cap, collar and floor.

Zero coupon bond
A type of debt security that does not pay periodic interest. Zero coupon securities are bought and sold at prices that are less than the par value of the securities. The discount, or difference between the principal paid to purchase the security and the principal returned at maturity, constitutes the investor's return.

Zero coupon yield curve
See yield curve.

Zero-balance account (ZBA)
A cash management service offered by banks. A bank checking account that can accept deposits and/or make disbursem*nts but that is always maintained at a zero balance. The zero balance is maintained by transferring just enough funds from or to a concentration account to offset each day’s activity. The concentration account is sometimes called the parent account and the zero-balance account is sometimes called the daughter or subsidiary account.

Zeros
See zero coupon bond.

Zoning
A designation given to a particular geographic area by the local government to regulate the type of use and the density of development permitted for properties in that area. For example, areas may be zoned to allow only residential development.

Z (2024)

FAQs

What does the Z stand for? ›

The Z symbol is sometimes also used with the O and V symbols to form "ZOV", another pro-war symbol, which resembles the Russian word "зов", which means "call forth [to war]". The symbol has also been used for vandalism and propaganda purposes outside of Russia.

Is Z 1969 a true story? ›

The film presents a thinly fictionalized account of the events surrounding the assassination of democratic Greek politician Grigoris Lambrakis in 1963. With its dark view of Greek politics and its downbeat ending, the film captures the director's outrage about the junta that then ruled Greece.

What is the meaning behind the letter Z? ›

Where did Z come from? The Greek zeta is the origin of the humble Z. The Phoenician glyph zayin, meaning “weapon,” had a long vertical line capped at both ends with shorter horizontal lines and looked very much like a modern capital I.

How scary is Z? ›

Keegan Connor Tracy is just such a phenomenal actress and she shines in this film. it's not "scary" per se but the film does have a sense of dread/creepiness throughout much of it. there are a couple of shocking moments in the film that thankfully didn't feel like "jump scares" (i can't stand lame/cheap jump scares).

What does Z represent in the Bible? ›

What does the letter Z mean in the Bible? Z is the last letter in Latin and English alphabets, whereas it is the seventh letter in Hebrew and Greek alphabets. Z in Hebrew zayin means “weapon" in the Bible. Invariably, the letter is shaped like a weapon.

What does it mean when someone says A to Z? ›

noun. ¦ā-tə-ˈzē variants or less commonly A-Z. 1. or less commonly A to Z's : the full range of fundamental knowledge relating to some subject or activity.

Who is Z based on? ›

This Academy Award winner—loosely based on the 1963 assassination of Greek left-wing activist Gregoris Lambrakis—stars Yves Montand as a prominent politician and doctor whose public murder amid a violent demonstration is covered up by military and government officials; Jean-Louis Trintignant is the tenacious magistrate ...

What is the movie Z about? ›

Is Z real in the movie Z? ›

You see, Z was the mother's imaginary friend. She realizes this by watching old home movies and then conjuring the imaginary beast while she is soaking in the bathtub repeating the phrase “Imagine Z” over and over again until the freak monster appears in the bathtub with her.

What is Z in Hebrew? ›

Zayin (also spelled zain or zayn or simply zay) is the seventh letter of the Semitic abjads, including Phoenician zayn 𐤆, Hebrew zayīn ז, Aramaic zain 𐡆, Syriac zayn ܙ, and Arabic zāy ز. It represents the sound [z].

How do Australians say Z? ›

In most English-speaking countries, including Australia, Canada, India, Ireland, New Zealand, South Africa and the United Kingdom, the letter's name is zed /zɛd/, reflecting its derivation from the Greek letter zeta (this dates to Latin, which borrowed Y and Z from Greek), but in American English its name is zee /ziː/, ...

Is Z the rarest letter? ›

In dictionaries, j, q, and z are found the least, but some of the words are rarely used. And if you value the opinion of cryptologists (people who study secret codes and communication), x, q, and z make the fewest appearances in the writing scene.

Is Z worth watching? ›

Critics Reviews

Z is a hell of an exciting movie, and it carries you along, though when it's over and you've caught your breath you know perfectly well that its techniques of excitation could as easily be used by a smart Fascist filmmaker, if there was one.

Why is Z Nation rated 18? ›

Parents need to know that Z Nation is an intense and gory drama with constant dread and menace, plus numerous zombie battles in every episode. During the battles, characters may be beheaded, eviscerated, torn apart, shot point-blank in the head, stabbed, or bludgeoned to death.

Is Z based on a book? ›

Z: The Beginning of Everything is an American period drama television series created by Dawn Prestwich and Nicole Yorkin for Amazon Studios that debuted on November 5, 2015. It is based on Z: A Novel of Zelda Fitzgerald by Therese Anne Fowler.

What does the symbol Z refer to? ›

The atomic number or nuclear charge number (symbol Z) of a chemical element is the charge number of an atomic nucleus. For ordinary nuclei composed of protons and neutrons, this is equal to the proton number (np) or the number of protons found in the nucleus of every atom of that element.

What does this symbol mean Z? ›

List of Mathematical Symbols • R = real numbers, Z = integers, N=natural numbers, Q = rational numbers, P = irrational numbers.

What does the Z in Z line stand for? ›

z-line (z-membrane; zwischen-line)

A protein band that defines the boundary between one sarcomere and the next in a muscle fibre. The 'z' is an abbreviation for the German word zwischen, which means 'between'.... ...

What does the Z mean in Ukraine? ›

Some speculate that the "Z" could stand for "zapad," which means west in Russian. Some have snidely suggested that the symbol stands for other words such as "zhopa," meaning ass in a reference to stiff Ukrainian resistance. The letter does not appear in the Cyrillic alphabet used by both Russia and Ukraine.

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