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 ?
The Complete Sweep delivers the full range of traditional sweep services, along with nest and blockage removal, refitting of chimney pots and gas terminals, and the supply and fit of cages, caps and cowls.
The Chimney Sweep - "Jack-of-All-Trades, Master of None?"
And few States license sweeps, although most require them to carry liability insurance.
The sweeps and trawls were towed with conventional trawl doors on each side and a weight (clump) in the middle.
They could be apprenticed to Master Sweeps from a very young age and the fact that there were no safety rules or regulations meant they had a cruel and dangerous existence.
Ballymore Properties Novices' Hurdle Coral 16 Quel Esprit, Sweeps Hill, 20 Quantitativeeasing, Rite Of Passage, Some Present, 25 bar.
Most chimney sweeps are self-employed, although some work for private firms.
For example, a B-knight sweep is BAT-BEN-BOW-BUS-RIB.
Jo Flounders, 38, one of Wales' only women chimney sweeps, started cleaning chimneys as a sideline to her main business of running a poultry farm.
He learned that many chimney sweeps lived in the asylum and that more continued to arrive from all over.
Evidently, by shifting from conventional sawing to curve sawing and with more (i.e., in greater proportions) input tree-length logs with 3- and 4-inch sweeps, the mill could attain higher levels of conversion efficiency and economic benefits.
Methods employed by modern chimney sweeps are similar to those from Victorian days, with most of the work still done with extendable brushes.