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 ?
He was unable to control the trailer that was later swept by heavy waters," a local resident said.
[7] Johnstone, J., Williams, J., "A rational model of the surface swept by a curve", Computer Graphics Forum, vol.
Heroic Katie-Lou McLean, 14, was left with brain damage after trying to save friend Tempany Sylvester, 13, who was swept out to sea in Eyemouth.
"It's important for safety to have your chimney swept by a qualified sweep.
The tsunami waves that hit the Maldives were only one-fifth the height of the ones that swept over Thailand.
Customers have unrestricted checking privileges on both swept and unswept funds.
But we better do something, or we're all going to be swept away.
From the blower unit, installed behind the sweeping gear and behind the rear axle of the truck, a high volume jet of air is guided closely along the ground to dry the swept surface.
The software can provide swept frequency signals at any of the output power levels from -126.5 to +21 dBm of the GPS7500.
Sheep were spotted bobbing in the waves after thick mud swept over fields taking livestock with it.