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 ?
Beef and sheep farmer Emrys Davies swept the board at St Asaph's Easter fatstock show and sale.
Biking prodigy Jack Price (pictured) has swept the board in a national championship.
SUPERSTAR Beyonce swept the board at last night's Mobos, scooping three gongs.
Meanwhile, Matthew Tottey, from the North Wales club at Llandudno, swept the board at the North Wales Professional Alliance meeting at Bull Bay.
But, while stars such as Outkast, Sheryl Crow and Alicia Keyes also swept the board with wins, Kanye West protested after he failed to win any of his three nominations.
THE new Alfa GT has swept the board in the Diesel Car of the Year Awards.
Stocksfield just about swept the board in Northumberland County Ladies golf last year - and they're hoping for a repeat in 2004.
HAIRDRESSING and beauty students have swept the board in the regional heat of a national competition.
Swept the board at the National TV Awards again this week.
Welsh further education colleges swept the board at a prestigious awards ceremony.
Internal communications agency Summersault, in Warwick Street, swept the board in the in-house category of the national business food and drink journalist of the year awards, run by the Periodical Publishers' Association.
TWO 10-year- old girls from the City of Liverpool Gymnastic club almost swept the board at the North West Regional Age Group Championships at the High Performance Centre,based at Park Road.