Sweep

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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.

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.
References in periodicals archive ?
Retained firefighter Simon Wilkinson, of Sedgefield, has launched a business to meet growing demand for traditional chimney sweeps
This standard may be adopted by the jurisdictional authority as a mandatory code for sweeps to follow.
In those cases, sweeps apply a chemical to the glaze to break it down over several days, after which they return to vacuum out these deposits.
One of the many local sweeps was a lad called Joe Bilton, who was born in Albert Street, Shieldfield, Newcastle, in 1888.
Rates of pay for self-employed chimney sweeps will vary according to how much work they have.
Yesterday, the National Association of Chimney Sweeps (NACS) warned that a new fashion for real fires had left the whole of the UK with a shortage of fully-trained sweeps.
We did a big sweep like this in March and took 19 into custody,'' he said.
Acquiring the angle dependence by angle sweeps at a given field is expedient and common; thus we need to compare [I.
VP SVCS: Cpns, Personal, Prems, Items, Stamps, Sweeps CHARGE: Per M; MIN: 10M SPEC: Cons, Fund INF0: Broc, Smpl
To combat such problems in Fort Wayne, Indiana, the police department developed a juvenile interdiction sweeps program, nicknamed Operation Linebacker after a wartime defensive blitz tactic.
Such sweeps shift deposits from reservable (transactions) accounts to nonreservable (savings) accounts without impairing depositors' ability to access the funds for transactions purposes.