cleanup requirement

cleanup requirement definition - business

cleanup requirement

The requirement that a borrower reduce the balance on a renewable line of credit to zero for a specified period of time during the year. The requirement is to make certain the borrower is not using the line of credit for permanent financing.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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