Search results
Results from the WOW.Com Content Network
A cash sweep, or debt sweep, is the mandatory use of excess free cash flows to pay down outstanding debt rather than distribute it to shareholders. Firms always have the option to pay down debt with excess cash, but they do not always choose to do so. [citation needed] This can lead to firms wasting excess cash.
A sweep account combines two or more accounts at a bank or a financial institution, moving funds between them in a predetermined manner. [1] Sweep accounts are useful in managing a steady cash flow between a cash account used to make scheduled payments, and an investment account where the cash is able to accrue a higher return.
The Insured Cash Sweep or ICS service is used by banks and savings associations that are insured by the Federal Deposit Insurance Corporation (FDIC). In 2021, the service was reconfigured with several others offered by IntraFi Network into IntraFi Network Deposits and IntraFi Funding.
Insured Cash Sweep The Insured Network Deposits ( IND ) service was a deposit sweep service for broker-dealers and other custodians of funds. In 2021, the service was reconfigured with several other services offered by IntraFi Network (formerly Promontory Interfinancial Network) into IntraFi Network Deposits, and IntraFi Funding.
Sweepstakes parlors, which began to appear in the US around 2005, are establishments that offer chances to win cash prizes as a promotion for a product, usually either a telephone card or Internet access. Sweepstakes casinos use a similar model, offering promotional real money winning opportunities by playing casino-style games online.
Cash sweep; Cash-flow diagram; Cashflow matching; Corporate treasury; D. Debt sculpting; Discounted cash flow; Discounted payback period; F. Forecast period (finance)
With IntraFi Sweep, broker-dealers and fintechs automatically transfer, or “sweep,” unused cash balances from customer brokerage accounts to interest-bearing deposit accounts at banks insured by the FDIC and savings associations.
A sweep investment, or sweep investment account, [1] 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. [2]