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 Specialist'S Book:
- Examples record maintained by a specialist that includes the specialist's own inventory of securities, market orders to sell short, and limit orders and stop orders that other stock exchange members have sweep account definition.
- Definition Stock Index:
- Examples Index like the Dow Jones Industrial Average that tracks a portfolio of stocks sweep account explain.
- Definition Strike Price:
- Examples The stated price per share for which underlying stock may be purchased (in the case of a call) or sold (in the case of a put) by the option holder upon exercise of the option contract sweep account what is.
- Definition Scripophily:
- Examples Collecting stock and bond certificates for their scarcity, rather than for their value as securities sweep account meaning.
- Definition Shakeout:
- Examples A dramatic change in market conditions that forces speculators to sell their positions, often at a loss sweep account abbreviation.