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 ?
Summary: The latest Twilight film has swept the board at the MTV Movie Awards.
Ennis' main competition for the top women's prize is likely to come from high jumper Blanka Vlasic, who has swept the board this season.
LAST year's Champions League finalists Chelsea and Manchester United swept the board at the European Club Footballer awards yesterday.
The Jones family of Frongoy, in Pennant, near Aberaeron, who are best known as breeders of Welsh ponies and cobs, swept the board in the sheep section taking the individual award with a yearling Suffolk ramand claiming the prestigious "pen of three" prize
CHILDREN from St Bartholomew's School in Binley, Coventry, swept the board at a cross country competition in memory of a police officer killed on duty 25 years ago.
SURVEYOR Peter Bingham swept the board when he was invited to try and become Worcester's top property tycoon.
As for the Villareal players, if there were Oscars awarded for football, they would have swept the board.
Tyne Valley Motorhomes, which is based at Pickering Nook, near Burnopfield, swept the board at the Swift Group's 9th Annual Awards of Excellence, becoming the 2004 Ace Motorhome Dealer of the Year, Service Centre of the Year and Sales Team of the Year.
TONY McCOY and Martin Pipe virtually swept the board yesterday at Ascot - which was under threat from frost until the last minute.
STEVE Coogan last night swept the board at the 1998 Comedy Awards.
NEWCASTLE students swept the board at the annual Young Enterprise North East (YENE) Trade Fair, where they were awarded for the standard of their business ideas and selling skills.
RASTRICK have virtually swept the board this season, with the Under 17s and Under 15s both having won their respective sections, while the Under 13s have done even better.