clean up

clean up
clean up (v.), clean-up (adj.),or cleanup (n.)
(1) An informal phrase used by lenders to describe a provision in loan documents, usually the promissory notes used for lines of credit. The clean-up provision requires that the loan balance outstanding under the line of credit be reduced, usually to zero, for a period of time, usually one or two months, with some specified frequency, usually annually.
Sometimes called an " out of debt requirement".
A clean-up requirement is particularly well suited to borrowers with significant seasonal fluctuations in sales.
(2) The unwinding of an asset-backed security when the remaining balance is very small is sometimes referred to as a clean-up call. American Banker Glossary
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In the context of general equities, purchase/ sale of all the remaining supply of stock, or the last piece of a block, in a trade-leaving a net zero position. Bloomberg Financial Dictionary

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UK US clean up
Phrasal Verb with clean({{}}/kliːn/ verb
INFORMAL to get a lot of money: »

With holiday spending already up by 10%, retailers are really hoping to clean up this season.


Financial and business terms. 2012.

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Look at other dictionaries:

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