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 ?
The Range Rover was always going to be among the favourites, but to sweep the board in such talented company is an extraordinary achievement.
And, with this year's awards barely over, Hollywood is already tipping him to sweep the board next year as he turns his spotlight on slavery in his new film Amistad.
And despite England's biggest club winning just two trophies in the past six years, the 22-year-old insists they can sweep the board.
Newspaper cuttings of Carlos' assertion that Rangers were going to sweep the board and Georgi's claim that Celtic are a far better football team than their old rivals were no doubt hung up in the two dressing rooms.