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 two-day probation and parole sweep in November was just one of the ongoing crackdowns on homeless people in the downtown area.
I swear, next sweeps I fully expect to see Fox broadcasting ``She Married an Ugly Zillionaire, Except He's Actually Broke, Emotionally Deranged and Maybe Her Cousin If You Could Believe That.
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.
All available sweep reports should be obtained, including those of earlier sweeps, to develop a history of the chimney system.
Joining the guild and getting certified through the Chimney Safety Institute of America and the National Fireplace Institute are ways for sweeps to establish themselves as qualified professionals.
It got me thinking of the old days and I'm now asking readers if they can remember that essential workman, the chimney sweep - it's hard to find one nowadays and they are probably known now as chimney technicians.
After completing a job, the chimney sweep issues a safety certificate and recommends a date for re-sweeping.
There is a shortage of chimney sweeps, probably right across Wales.
We did a big sweep like this in March and took 19 into custody,'' he said.
c] at different field angles is analogous to that of the previous section dealing with field sweeps.
VP SVCS: Cpns, Personal, Prems, Items, Stamps, Sweeps CHARGE: Per M; MIN: 10M SPEC: Cons, Fund INF0: Broc, Smpl