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sweep account
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sweep account

  an account into which a financial institution automatically moves excess funds
 Mark word for later review on this computer
sweep accounts sweep account
For example, a company might desire to move any funds above $100,000 from its checking account to a "sweep account" that earns money market interest.
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Associated words [difficulty]:   sweep account , capital [1] , pro rata [9] , working capital [9]
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Most commonly used in these subjects:   Personal Finance, Business
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