Arrangement in banking where a cheering account balance below or above a set amount is transferred automatically from and to interest bearing accounts.
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SWEEPING
Comprehensive; including in its scope many persons or objects; as a sweeping objection.
SWEEPSTAKE
Promotional scheme where prizes can be won by random chance.
SWEET CRUDE
Crude oil that has less than 1 percent of sculpture by weight.
SWEETHEART AGREEMENT
A mutually beneficial private agreement of parties not necessarily in best interest of those affected without involving the workers. See sweetheart contract.
SWEIN
In old English law . A freeman or freeholder within the forest.
SWEINMOTE
In forest law. A court holden before the verderors, as judges, by the steward of the sweinmote, thrice in every year, the siceins or freeholders within the forest composing the […]
SWELL
To enlarge or increase. In an action of tort, circumstances of aggravation may “swell” the damages.
SWIFT
Society for Worldwide Interbank Financial Telecommunications . Global network of communication giving banks 24 hour secure exchange internationally.
SWIFT CODE
Codes used by banks around the world organized by SWIFT.
SWIFT WITNESS
A term colloquially applied to a witness who is unduly zealous or partial for the side which calls him, and who betrays his bias by his extreme readiness to answer […]
SWINDLING
Cheating and defrauding grossly with deliberate artifice. Wyatt v. Ayres, 2 Port. (Ala.) 157; Forrest v. Hanson, 9 Fed. Cas. 456; Thorpe v. State, 40 Tex. Cr. R. 346, 50 […]
SWING LOAN
A loan of a short term allowing the home owner to purchase a new home before he has sold the first home. Also known as a bridging loan or gap […]
SWING TRADER
The investor seeking to profit from cycles of prices lasting from one day to many weeks. Compare to day trader; scalper.
SWING TRADING
A short term buying and selling strategy. It takes advantage of the overreactions. Refer to position trading .
SWINGLINE
Short term back up credit given to a borrower as needed. They are used when commercial paper issuers when investors won’t roll over maturing paper. AKA backup line.
SWIPE
The act where a card is slid through a magnetic stripe reader .
SWIPE DISCOUNT RATE
Fees charged by merchant’s provider of accounts for swipe card transactions.
SWITCH
An electronic or mechanical device that closes or opens a path for electricity to move power from one point to another. See valve.
SWITCH MATERNITY
The provision where female employees participating in a plan for healthcare covered only if their husbands are listed under dependents of the plan.
SWITCHED BILL OF LADING (B/L)
Carrier substituted B/L for the original B/L with the terms of an L/C.
SWITCHED VIRTUAL CIRCUIT (SVC)
Temporary path that is electrical in nature that is created between 2 points in an ‘as and when needed’ basis.
SWITCHING COST
Fixed cost a buyer incurs due to a supplier change.
SWOLING OF LAND
So much land as one’s plow can till iu a year; a hide of laud. Cowell.
SWORN
a term that describes having taken an oath, verifying something and attesting it to be true.