Sweep

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Sweep

The act of using all available cash flow for the repayment of debt service.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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 ?
Denise, who until she met Phil was a Manchester United supporter, added: "We thought the club would reject Sweepy's application on the grounds that he is a dog, but his card came through and he's been chewing it with pride."
Because of it, sawmillers are becoming more amenable to the harvesting and delivery of heretofore considered "undesirable" portions (e.g., sweepy or crooked top sections) of the tree.
To be sure, many southern pine sawtimber harvesters/suppliers have been routinely cutting off the sweepy or crooked top sawlog sections of the tree and leaving them in the forest to rot or be sold as pulpwood just so they can avoid being penalized (i.e., a reduction of accounted volume or tonnage) by the purchasing mill.
Curve-sawn lumber from sweepy softwood logs are wider and slightly longer than straight-sawn lumber from curved logs (Petree 1998).