Definitions for "Sweep account"
an account that automatically transfers excess balances into an interest earning overnight account with the same bank at the close of business day
Account in which the bank takes all of the excess available funds at the close of each business day and invests them for the firm. KEY TERM
Account providing that a bank invest all the excess available funds at the close of each business day for the firm.
Keywords:  tailgating, ticket
tailgating ticket
Keywords:  broker, share, set
Set aside Share broker