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 ?
The group said that the swipe fees mean higher prices on virtually everything in the US, even if the customer pays by cash or check.
WASHINGTON -- The Federal Reserve refused today to protect consumers and merchants from a 500 percent mark-up levied by banks and credit card companies every time someone swipes a debit card.
I don't really like the idea of the swipe cards; they are just more hassle than they're worth.
Rather than regulating the source of the problem, which are Visa's billions in swipe fee profits, SB 933 attacks California retailers by banning them from recovering these costs through a debit card surcharge.
The joint effect of vapor pressure and surface tension shifts the metal along the swipe in the opposite direction to the beam's motion.
Well, of course, employers can use swipe cards for these purposes, but they shouldn't do so without thinking about it first.
Union officials said introduction of the swipe cards had never been the sticking point and stressed they were satisfied that information available under the new system will not be used to change shift patterns.
Under the deal, the new swipe card system will be introduced from September 1 although workers will be asked to use the system voluntarily before then.
For just pounds 10 a swipe card, one swipe will access the entry of the dearly departed on the 17 inch-com-puter page.
The car doors will only open and the engine start when it recognises the computer chip in the swipe card.
Swipe has announced the launch of the cheapest VR capable smartphone in India.
That's reflected in the Swipe Right - a simple motion that helps users quickly select potential matches.