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 ?
Additionally, the mailing cannot: state that an individual has won a prize unless he or she has actually won the prize; contain a statement inconsistent with the contest rules; require the sweepstakes entry to include an order or payment; or state that individuals not purchasing products may be disqualified from future sweepstakes.
The fact sheet also will contain the entry form that consumers will have to use to enter the sweepstakes.
The state Department of Alcoholic Beverage Control has sent reminders to suppliers and retailers that sweepstakes in California are subject to strict limitations.
The idea of a Sweepstakes came from SECU's 1,500+ volunteer branch Advisory Boards, which work directly with each of SECU's 200+ local branches.
For years, the two companies have routinely snooped on each other, tried to persuade magazine publishers to give them exclusives, battled for first crack at mailing lists of sweepstakes devotees and sent prize amounts soaring.
to underwrite its 5 million dollar (USD) sweepstakes aimed at getting new registrants to ByIndia.
He noted that the bank will promote the sweepstakes to encourage residents in its six-state footprint to open any consumer checking, small business checking or equity account at the bank.
Once registered, sweepstakes entrants will be eligible to win daily prizes, weekly grand prizes, and the Ultra Grand Prize including:
Just in time for the last thrills of summer, MapQuest and the Chrysler brand today announced the MapQuest Crossfire Summer Giveaway Sweepstakes in which consumers have the chance to win one of the hottest convertibles on the road - the Chrysler Crossfire Roadster Limited.
Publishers Clearing House (PCH), the sweepstakes and direct marketing powerhouse, today announced the acquisition of Blingo, Inc.
Dawn Carson, won $10,000, courtesy of an online sweepstakes that took place during U.
Fasten your seatbelts and rev up your engines, as Excitations offers an opportunity to win the ultimate thrill ride for Father's Day with its Stock Car Sweepstakes Promotion.