ZAIBATSU

A japanese congromerate with one company taking control. It has been banned since the mid 1940s and is replaced by keiretsu.

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ZERO COUPON INFLATION SWAP

A swap that exchanges floating for fixed rates at maturation. There are no intervening payments during the transaction. They are long term and last 10 or more years. Refer to annual inflation swap and inflation swap.

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ZAITECH

The final speculation of a japanese company to boost nonoperating income.

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ZANJA

Span. A water ditch or artificial canal, and particularly one used for pur- fiposes of irrigation. See Pico y. Colimas, 32 U Cal. 578.

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ZANJERO

Span. A water commissioner or superintendent, or supervisor of an ir-Prigation system. See Pico v. Colimas, 32 Cal. 578.

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ZEALOUS WITNESS

An untechnical term denoting a witness, on the trial of a cause,who manifests a partiality for the side calling him, and an eager readiness to D tellanything which he thinks may be of ad- vantage to that side.

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ZEAXOT

This word is commonly taken in a bad sense, as denoting a separatist from _the Church of England, or a fanatic. Brown.

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