Sweep account


 

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Sweep account

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



Sweep account

Similar Matches

Margin account

Margin account

An account with a broker where a client is able to purchase securities on credit after margin has been deposited.


Sweeper account

Sweeper account

A 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 deficit

Current account deficit

Debits minus credits on current account. See deficit.


House account

House account

A 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 Suggestions

real account
Capital 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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