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Glossary   >   S   >   "Sweep account" Definition            Sweep account Account in which the bank takes all of the excess available funds at the close of each business day and invests them for the firm. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Sweep account - Account in which the bank takes all of the excess available funds at the close of each business day and invests them for the firm.