Sweep Option definition

Sweep Option means an investment option offered as part of the Cash Investment Service for the automatic investment of available cash balances (from securities transactions, dividend and interest payments, and other activities) in a Securities Account.
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Sweep Option means the Deposit Accounts or the RMA money market funds or other applicable sweep investment options as more fully described in the Disclosure Statement or the prospectuses for the UBS RMA money market funds or other applicable sweep investment options, as applicable.
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Examples of Sweep Option in a sentence

  • Dividend Sweep Option (DSO) is a facility wherein unit holder(s) of eligible scheme(s) [hereinafter referred to as "Source Scheme(s)"] of Axis Mutual Fund can opt to automatically invest the dividend (as reduced by the amount of applicable statutory levy) declared by the eligible Source Scheme(s) into other eligible Scheme(s) [hereinafter referred to as "Target Scheme(s)"] of Axis Mutual Fund.

  • Dividend Sweep Option (DSO) is a facility wherein unit holder(s) of eligible scheme(s) [hereinafter referred to as “Source Scheme(s)”] of Sundaram mutual Fund can opt to automatically invest the dividend (as reduced by the amount of applicable statutory levy, if any) declared by the eligible Source Scheme(s) into other eligible Scheme(s) [hereinafter referred to as “Target Scheme(s)”] of Sundaram mutual Fund.

  • Transactions in your Securities Account will take precedence over payment of a Check should you have insufficient funds in your Sweep Option to cover all such transactions.

  • You agree that Stifel will require written instructions from you or your authorized agent to make any changes to your Cash Investment Service Sweep Option election and that oral instructions will not be accepted or processed.

  • As a result, a Custodian Account will not have the ability to cover with margin any Check, ACH, or Card Transactions in excess of the Free Credit Balances and any amounts you hold in a Sweep Option.

  • After exhaustion of funds in your Sweep Option and any Free Credit Balance, your then available Margin Loan Value (if applicable) will be used to pay for transactions.

  • However in case of DSO, a Unit Holder can avail of the facility irrespective of the amount of dividend (subject to a minimum of 1,000/-).8) The Minimum amount of dividend eligible for transfer under Dividend Sweep Option is 1,000/- (Rupees One Thousand Only).

  • Currently, the only Sweep Option offered by Broker is the Aspiration Insured Bank Deposit Program (the “Bank Deposit Program”), through which Free Credit Balances are swept into one or more banks whose deposits are insured by the Federal Deposit Insurance Corporation (“FDIC”).

  • Credit balances that are needed to satisfy a settling transaction are not “free” and are not available to be swept to a Sweep Option.

  • No direct fees will be assessed to your Account or deducted from your specified rate of return on the Cash Sweep Option, except as outlined in “Liquidity Fees and Redemption Gates” below.

Related to Sweep Option

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Replacement Option means an Option that is granted when a Participant uses a Common Share held or to be acquired by the Participant to exercise an Option and/or to satisfy tax withholding requirements incident to the exercise of an Option.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Parent Option means an option to purchase shares of Parent Common Stock.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Option means a stock option granted pursuant to the Plan.

  • Replacement Award means an Award granted in assumption of, or in substitution for, an outstanding award previously granted by a company or business acquired by the Company or with which the Company, directly or indirectly, combines.

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • Director Option means an Option granted pursuant to Section 6.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

  • Approved 102 Option means an Option granted pursuant to Section 102(b) of the Ordinance and held in trust by a Trustee for the benefit of the Optionee.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Rollover Options has the meaning provided in Subsection 3.1(h).

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Replacement Options has the meaning ascribed thereto in Section 1.1 of the Plan of Arrangement;

  • SAR means a stock appreciation right granted under the Plan.

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Option Exercise Period has the meaning set forth in Section 5.3(c).