Meaning SWEEP ACCOUNT: Account providing that a bank invest all the excess available funds at the close of each business day for the firm
More terms such as Sweep account in Dictionary S.
- Definition Selling Concession:
- Examples The discount underwriters offer the selling group on securities in a new issue sweep account definition.
- Definition Signature Loan:
- Examples A good faith loan that is unsecured and requires only the borrower's signature on the loan application sweep account explain.
- Definition Short Tender:
- Examples Practice prohibited by SEC that involves the use of borrowed stock to respond to a tender offer sweep account what is.
- Definition Skewness:
- Examples Negative skewness means there is a substantial probability of a big negative return. Positive skewness means that there is a greater-than-normal probability of a big positive return sweep account meaning.
- Definition Strangle:
- Examples an out-of-the-money put option and call option on the same underlying instrument, with the same expiration. Profits are made only if there is a drastic change in the underlying instrument's sweep account abbreviation.
