Sweep account

A brokerage Account whose cash Balance is automatically transferred into an Interest-bearing investment, such as a Money market Fund.

Related Terms: 14 Account, Balance, Broker, Brokerage, Bear, Cash, Call, Fund, Interest-bearing, Interest, Money, Market, Ring, Transfer

Other Related Pages: Category: Brokerages Starting With: S

Additional Related Terms: 10-K, Account, Account statement, Adjusted balance method, Account aggregation, Account balance, Active account, Alternate account, Asset management account, Automatic Clearing House