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This can lead to firms wasting excess cash. A cash sweep is when money is automatically moved into a bank account based on a certain threshold. For any given investor a few dollars from dividends or interest income dont amount to much.
A cash sweep is an automatic bank process where funds are transferred from an investment account to a deposit account or vice versa with the purpose of minimizing the risk of incurring more or higher interest rates from their debt.
Above the reels are your two balances Gold Coins and Sweeps Coins. By conducting a cash sweep companies can reduce their outstanding debt using cash that would otherwise sit idle in their account. A regular sweep account is a type of account where money automatically sweeps into the account when it is not in use rather than letting it sit in cash. The background graphic shows a row of slots like youd find at a live casino in a neon blue.
