sweep account

sweep account

Account providing that a bank invest all the excess available funds at the close of each business day for the firm.

0 0

Improve it

Add an image

Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Financial services
Category: General Finance
Company: Bloomberg
Product:
Acronym-Abbreviation:

Collect to Blossary

Other Languages:

Related terms

sweep

Convention; Conferences

A method used for setting up and cutting circles or arches.

sweep

Weather; Meteorology

1. A single traversal of the electron beam along any coordinate axis on the face of a cathode-ray oscilloscope. 2. A single rotation of an antenna at fixed azimuth or elevation.

sweep

Sports; Cricket

A shot played to a good length slow delivery. The batsman gets down on one knee and "sweeps" the ball to the leg side.

sweep

Sports; Football

A running play in which several blockers lead a running back on a designed play to the outside. Depending on the number of blockers and the design of the play this is sometimes ...

hardship assistance

Financial services; General Finance

A financial assistance given out in times of personal fincancial hardship, e.g. loss of job, insurance, or property.

government grants

Financial services; Accountancy; Finance; General Finance

Awards of financial assistance in the form of money by governments to an eligible grantee with no expectation that the funds will be paid back. This does not include technical ...

bankers' acceptances (BA)

Financial services; General Finance

Sometimes known as time drafts, these are bearer-form short-term non-interest-bearing notes sold at a discount, redeemed by accepting banks for full face value at maturity.

bed and breakfast deal

Financial services; General Finance

The sale of a share and its repurchase shortly after the beginning of a new tax year. This allows shareholders to register a capital loss or profit for tax purposes while ...

Bank for International Settlements (BIS)

Financial services; General Finance

An international organization that fosters international monetary and financial co-operation and serves as a bank for central banks and international financial organizations. It ...