SWEEP ACCOUNT

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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SWIPE

The act where a card is slid through a magnetic stripe reader.

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SWEEPING

Comprehensive; including in its scope many persons or objects; as a sweeping objection.

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SWIPE DISCOUNT RATE

Fees charged by merchant’s provider of accounts for swipe card transactions.

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SWEEPSTAKE

Promotional scheme where prizes can be won by random chance.

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SWITCH

An electronic or mechanical device that closes or opens a path for electricity to move power from one point to another. See valve.

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SWEET CRUDE

Crude oil that has less than 1 percent of sculpture by weight.

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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.

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SWEETHEART AGREEMENT

A mutually beneficial private agreement of parties not necessarily in best interest of those affected without involving the workers. See sweetheart contract.

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SWEIN

In old English law. A freeman or freeholder within the forest.

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