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 sweepstakes is a part of the Citi Perks program, a season-long program featuring special benefits and surprise experiences for Mets fans and Citi cardmembers.
The last date for entering the Sweepstakes is 5th January, 2015 & the ONE Lucky Winner will be announced on 7th January, 2015.
Likewise, sponsors cannot require sweepstakes participants to pay anything to participate, or else they may inadvertently hold an illegal lottery instead of a sweepstakes.
GMC is "the official vehicle of the NFL," according to the sweepstakes website, so if you want to have the best Super Bowl Sunday ever, be sure to enter the "Never Say Never" contest before it's too late.
Net Play Cyber Cafe and Sweepstakes had been there until it closed some time ago.
TripInsurance.com Launches "Conquer the World" Sweepstakes. TripInsurance.com (www.TripInsurance.com), the most trusted online resource to help travelers find the trip coverage they need, has launched a new sweepstakes to give customers and followers a chance to win a $5,000 cash prize for a dream vacation trip to anywhere they choose.
The winner of the sweepstakes will receive a $5,000 grant to have its school's playground made more environmentally friendly through the addition of trees, shrubs, and more.
American Airlines (NYSE:AMR) announced yesterday its Mobile Million Sweepstakes for Android to help promote the airline's recently launched Android application.
Through January 22, shoppers who use the Rite Aid loyalty card will be automatically entered into a sweepstakes for a chance to win a vacation, fitness equipment, personal electronics and other prizes.
Family entertainment games publisher Encore Inc announced on Wednesday an Xbox giveaway sweepstakes.
Well's Dairy has launched the Blue Bunny Safari Sweepstakes to let consumers know about new availability of the brand's frozen treat at Busch Gardens and SeaWorld theme parks, part of Blue Bunny's new Worlds of Discovery partnership.