Sweep

(redirected from swipe)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Idioms, Encyclopedia, Wikipedia.

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 ?
Iran has been building, scraping and washing at the site for 3 1/2 years, and many people suspect there will be no nuclear residue left at the site for the swipes to pick up.
Prior to the Dodd-Frank legislation, the average swipe fee was 44 cents per transaction.
It has two plans: one has no monthly fee and charges 25 cents per transaction, plus 2.4 percent per swipe and 3.4 percent for typed-in card numbers.
The Detectamet Detectable Swipe Card Holder holds standard sized cards up to 55mm x 87mm which leaves room for engraving further identity systems such as sequential numbering, naming, branding and tailored systems to satisfy unique requirements.
He insisted that the Federal Reserve move quickly on issuing new regulations to reduce debit card swipe fees paid by retailers and consumers.
The European Union has been fighting Visa and MasterCard (NYSE: MA) for years over exorbitant swipe fees that ultimately lead to higher consumer prices.
"Unlike the large banks, community banks and credit unions generally have not, on average, experienced a significant decline in their debit interchange fees as a result of the Federal Reserve's implementation of [debit swipe fee reform]." That's on page 27 of the report which also points out that the post-Durbin fee structure works "to the benefit of exempt issuers." In fact, aggregate swipe fee income reported by exempt banks increased consistently each quarter from the second quarter of 2011 through the first quarter of 2012.
In line with other city based universities, the swipe card system will maintain the security of students, staff and equipment at our busy city centre building."
This is basically a piece of glass on which you swipe your fingers to control your cursor on screen as well as a couple of other functions.
And our engaged members have shown us the power of speaking as one on critical advocacy efforts like swipe fee reform.
Trust me.) So now three-finger swipe up is up, three-finger swipe down is down, and so on.
The Fed was required to implement a rule ensuring that the swipe fees charged for debit-card transactions are "reasonable and proportional" to the actual costs incurred by the issuer in processing the transaction.