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English to Polish translations [PRO] Bus/Financial - Finance (general)
English term or phrase:sweep
both as a noun and a verb, from an agreement on zero balancing, here are some sentences from the agreement:
"Sweep: A transfer to the debit of an account to reduce a credit balance."
"Master Account: A current account listed in Annex A from which transfers are made to the Participating Account to cover debit balances in the Participating Account, and to which transfers are made from the Participating Account to sweep credit balances in the Participating Account."
"Account Settlement: The daily covering of debit balances and sweeping of credit balances in the Participating Account via a Master Account as part of this Zero Balancing."