| 释义 |
sweep account
noun[ C ]
BANKING, FINANCEukus
a bank account that automatically transfers money into another account or investment that pays higher interest when the amount of money in it goes over a particular level:
Sweep accounts allow small businesses to get higher returns on cash that might otherwise be doing nothing in a current account.
Examples of sweep account
sweep account
Some popular cloud storage providers sweep accounts looking for illegal data.
From NBCNews.com
For example, there is little doubt that sweep accounts represent an effort by banks to evade reserve requirements and this evasion complicates measurement of the money supply.
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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