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 ?
They've played the sweeper and it's brought them to a stage where they've developed, they're confident, and, 'Let's have a go now'.
Pagcor's Pamaskong Handog for the street sweepers was graced by Pasay City Rep.
Street maintenance foreman Alton Batiste said preventative sweeper maintenance is key.
Operators manage sweeper functions from inside the cab, saving time and reducing worker fatigue.
He played everywhere from center midfield to sweeper and was a fiery presence on the field.
All this I relay to the reader to explain why I am unconvinced by Vijay Prashad's assessment in chapters one to three that the Delhi Municipal Corporation (DMC) had a stranglehold on the sweepers it employed.
Like "Hustler's Convention," Street Sweeper is the literary cross between a gangsta rap video and a pulp-fiction novel.
Martin Kelly, Volvo's municipal truck specialist, said: "We believe this vehicle offers sweeper contractors a tough, premium chassis.
It put a dimmer on the teams playing with a sweeper and over-aggressive man-markers.
Royal has been pleased with the response to its Dirt Devil Sweeper since it entered the category three years ago.
The original purpose for the sweeper was obviously for its cleaning abilities.
He said the loss of the mine sweeper contract means that the engineering division will become even more important to Portship's overall operation.