Sweep account — A sweep account is an account set up at a bank or other financial institution where the funds are automatically managed between a primary cash account and secondary investment accounts.In banking, sweep accounts are primarily used as a legal… … Wikipedia
sweep account — A deposit account, usually at a bank, that periodically removes a portion of the customer s funds into a higher yielding instrument. Bank sweep accounts are often sold as cash management tools. With a bank sweep account, idle funds are swept each … Financial and business terms
Sweep Account — A bank account that automatically transfers amounts that exceed (or fall short of) a certain level into a higher interest earning investment option at the close of each business day. Commonly, the excess cash is swept into money market funds. In… … Investment dictionary
sweep account — Finance. a checking account from which money in excess of a specified amount is automatically transferred to another account or to an investment that earns a higher rate of return. * * * … Universalium
sweep account — Finance. a checking account from which money in excess of a specified amount is automatically transferred to another account or to an investment that earns a higher rate of return … Useful english dictionary
Sweep — may refer to any of the following:Cleaning * Chimney sweep * Street sweeper * To clean using a broom or brushBoating* A kind of oar used for guiding bateaus and similar boats * In sport rowing, a boat that has only one oar per rowerports* Sweep… … Wikipedia
Account (disambiguation) — Account may refer to:* An account in accounting * Accounts at banks and/or other financial institutions. ** Current account (banking) ** Deposit account ** Personal account ** Sweep account * User account The means by which a user can access a… … Wikipedia
Sweep theory — is an aeronautical engineering description of the behavior of airflow over a wing when the wing s leading edge encounters the airflow at an oblique angle. The development of sweep theory resulted in the swept wing design used by most modern jet… … Wikipedia
Sweep investment — A sweep investment, or sweep investment account, is a secondary bank account that offers additional investment options on idle funds in a primary cash or checking account. [cite web| url=http://www.latam.citibank.com/corporate/lattco/english/trans… … Wikipedia
sweep arrangement — /ˈswip əreɪndʒmənt/ (say sweep uhraynjmuhnt) noun a facility offered to individual customers of a bank or other financial institution whereby funds in excess of a certain level held in an account earning no or low interest, are automatically… …
