FinShark Financial Glossary

    Financial Terms Starting With Z

    3 UAE banking, credit card, loan, mortgage and insurance terms that start with Z - from Zero Liability Protection to Zero-Interest Instalment Plan. General educational information; fees, limits and eligibility are set by each provider.

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    3 terms

    Zero Liability Protection

    Credit CardsBanking

    A card or network protection under which eligible unauthorised transactions may not be charged to the cardholder when stated conditions are met. It is subject to the issuer's terms, prompt reporting requirements and applicable dispute rules.

    Zero-Balance Account

    Banking

    An account that does not require a minimum balance to remain open or avoid a minimum-balance fee under its stated terms. Other account fees and eligibility conditions can still apply.

    Zero-Interest Instalment Plan

    Credit Cards

    A credit-card instalment arrangement advertised with 0% interest or profit for eligible purchases. It can still include processing fees, merchant restrictions, early-settlement conditions or other charges, so the total payable amount should be checked.