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

* * *

clean-up ˈclean-up noun [countable]
when an organization is improved by removing parts or people that are not making money or are not effective or honest:

• A clean-up may require financial help from the World Bank.

* * *

clean-up UK US (also cleanup) noun [C]
ENVIRONMENT an act of removing harmful substances or chemicals from a place or the environment: »

Over $100 million was allocated for the cleanup of hazardous chemicals and radioactive waste.

WORKPLACE an act of improving a company or system by removing people and stopping activities that are dishonest or causing problems: »

The cleanup involved foreclosing on thousands of problem loans and selling the properties that secured them.


Financial and business terms. 2012.

Look at other dictionaries:

  • clean — clean …   Dictionnaire des rimes

  • clean — [klēn] adj. [ME clene < OE clæne, clean, pure < IE * ĝ(e)lēi < base * ĝel , to gleam > OIr gel, gleaming, white, OHG kleini, gleaming, bright, fine (> Ger klein, small)] 1. a) free from dirt, contamination, impurities, etc.;… …   English World dictionary

  • clean — ► ADJECTIVE 1) free from dirt, pollutants, or harmful substances. 2) morally pure: clean living. 3) not obscene. 4) attentive to personal hygiene. 5) showing or having no record of offences or crimes: a clean driving licence. 6) played or done… …   English terms dictionary

  • Clean — (kl[=e]n), a. [Compar. {Cleaner} (kl[=e]n [ e]r); superl. {Cleanest}.] [OE. clene, AS. cl[=ae]ne; akin to OHG. chleini pure, neat, graceful, small, G. klein small, and perh. to W. glan clean, pure, bright; all perh. from a primitive, meaning… …   The Collaborative International Dictionary of English

  • Clean — may refer to: Music The Clean, an influential first wave punk band Clean (album), an industrial album by Deitiphobia Clean , a song by Depeche Mode from their 1990 album Violator Clean, an amplifier sound in guitar terminology Clean, an Edwin… …   Wikipedia

  • clean — adj Clean, cleanly are often confused. Clean is applied to a person or thing that is actually free from dirt; cleanly to a person or animal whose habit or tendency is to be clean; thus, one who is cleanly, though not always able to keep clean,… …   New Dictionary of Synonyms

  • clean — clean; clean·a·bil·i·ty; clean·a·ble; clean·li·ly; clean·li·ness; clean·ness; house·clean; re·clean; un·clean; un·clean·li·ness; bio·clean; un·clean·ly; un·clean·ness; …   English syllables

  • Clean — «Clean» Canción de Depeche Mode Álbum Violator Publicación 19 de marzo de 1990 Grabación …   Wikipedia Español

  • clean — [ klin ] adj. inv. • 1978; mot angl. « propre » ♦ Anglic. fam. 1 ♦ Qui a un air propre, soigné. Une allure, un look clean. Un intérieur clean. 2 ♦ Qui est sain, net moralement. Spécialt Qui ne prend pas de drogue. Être clean (opposé à speedé) . ● …   Encyclopédie Universelle

  • Clean — Семантика: функциональный Автор(ы) …   Википедия

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.