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Sweep account

Index Sweep account

A sweep account is an account set up at a bank or other financial institution where the funds are automatically managed between a primary cash account and secondary investment accounts. [1]

15 relations: Bank, Business cycle, Cash account, Credit card, Eurodollar, Financial adviser, Financial institution, Flexible mortgage, Funding, Market liquidity, Money market, Money market fund, Repurchase agreement, Small business, Sweep investment.

Bank

A bank is a financial institution that accepts deposits from the public and creates credit.

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Business cycle

The business cycle, also known as the economic cycle or trade cycle, is the downward and upward movement of gross domestic product (GDP) around its long-term growth trend.

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Cash account

In business practice, cash account refers to a business-to-business or business-to-consumer account which is conducted on an immediate payment basis i.e. no credit is offered.

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Credit card

A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's promise to the card issuer to pay them for the amounts so paid plus the other agreed charges.

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Eurodollar

Eurodollars are time deposits denominated in U.S. dollars at banks outside the United States, and thus are not under the jurisdiction of the Federal Reserve.

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Financial adviser

A financial adviser is a professional who suggests and renders financial services to clients based on their financial situation.

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Financial institution

Financial institutions, otherwise known as banking institutions, are corporations which provide services as intermediaries of financial markets.

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Flexible mortgage

The term flexible mortgage refers to a residential mortgage loan that offers flexibility in the requirements to make monthly repayments.

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Funding

Funding is the act of providing financial resources, usually in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or company.

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Market liquidity

In business, economics or investment, market liquidity is a market's feature whereby an individual or firm can quickly purchase or sell an asset without causing a drastic change in the asset's price.

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Money market

As money became a commodity, the money market became a component of the financial markets for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less.

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Money market fund

A money market fund (also called a money market mutual fund) is an open-ended mutual fund that invests in short-term debt securities such as US Treasury bills and commercial paper.

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Repurchase agreement

A repurchase agreement, also known as a repo, RP, or sale and repurchase agreement, is a transaction concluded on a deal date tD between two parties A and B: If positive interest rates are assumed, the repurchase price PF can be expected to be greater than the original sale price PN.

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Small business

Small businesses are privately owned corporations, partnerships, or sole proprietorships that have fewer employees and/or less annual revenue than a regular-sized business or corporation.

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Sweep investment

A sweep investment, or sweep investment account, is a secondary bank account or type of sweep account that offers additional investment options on idle funds in a primary cash or checking account.

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References

[1] https://en.wikipedia.org/wiki/Sweep_account

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