clean-up requirement
Definition
A requirement implemented by banks to restrict borrowers from repeatedly drawing against funds in their lines of credit. This stipulation, which is often written into the contracts, requires that borrowers pay off any outstanding balances and wait for a specified period of time before borrowing again.
Related Articles
- What Are The Most Commonly Traded Commodities? *
- Less Popular Types of Mutual Funds - Part 2 *
- Life Insurance: Types of Policies and Provisions *
- What is a Savings and Loan Association? *
- Different ETF Investing Styles *
- Stock Regulations *
- Self-Directed IRA Plans *
- All ETFs Are Not Equal *
Related Videos
http://www.businessdictionary.com/definition/clean-up-requirement.html
