Under a line of credit agreement, a bank may require an annual cleanup, which means that the ...

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Under a line of credit agreement, a bank may require an annual cleanup, which means that the ...

Under a line of credit agreement, a bank may require an annual cleanup, which means that the borrower must pay off all its outstanding debts to all its operational creditors for a certain number of days during the year.

Textbook

Principles of Managerial Finance

Edition: 14^th

Authors: Gitman, Zutter

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