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Sweep account |
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Sweep accountAccount providing that a bank invest all the excess available funds at the close of each business day for the firm.Sweep account Similar MatchesMargin accountMargin accountAn account with a broker where a client is able to purchase securities on credit after margin has been deposited. Sweeper accountSweeper accountA bank account which offsets the cash held in a depositor's account against credit card, loan and mortgage debts to reduce the debit interest payable on them. Often it will automatically transfer surplus funds held in a depositor's current account to his or her deposit account where the money will earn higher rates of interest. Current account deficitCurrent account deficitDebits minus credits on current account. See deficit. House accountHouse accountA type of account at a brokerage firm that is given a high level of priority and is handled by the main office or an executive, rather than a traditional salesperson. Automated Customer Account Transfer (ACAT)Automated Customer Account Transfer (ACAT)For transfers of securities from a non-equity trading account to your equity trading account with your broker. Further Suggestionsreal accountCapital Builder Account (CBA) Zero balance account (ZBA) omnibus account Balance on capital account Escrow account Day of deposit to day of withdrawal account Active account Unmargined account Concentration account books of account Accounts receivable Tax Exempt Special Savings Account individual savings account Capital account accounts receivable Capital account balance Unit of account Open account Inflation accounting savings account Purchase accounting Joint account Tax and loan account Generally Accepted Accounting Principles (GAAP) |
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