Sweep
Also found in: Dictionary, Medical, Idioms, Encyclopedia.(redirected from sweep the board)
Sweep
The act of using all available
cash flow for the repayment of
debt service.
Sweep
1. To use all
cash flow currently available to
service debt. This can lead to
liquidity problems.
2. To transfer
funds into an interest-bearing account automatically. Some
brokerages sweep extra
cash into such accounts on behalf of their clients.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
sweep
To automatically move cash balances into an interest-earning money market fund. Certain brokerage firms offer to perform this activity for some or all of their accounts.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive
"The Range Rover was always going to be among the favourites, but to
sweep the board in such talented company is an extraordinary achievement."
AFTER missing out at the Brits, Will Young could
sweep the board at this year's Capital FM Help A London Child Awards.
A show is set to
sweep the boards on Tyneside this Christmas.
THE DARKNESS could
sweep the boards at the Brits on February 17.
Copyright © 2003-2025 Farlex, Inc
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.