A "Clean Up" Is

question 2

Multiple Choice

A "clean up" is:

• A)a periodic payment of all interest a borrower owes to date on a line of credit
• B)a period of time over which the lender defers interest to a later date on a borrower's line of credit
• C)a period of time over which a company reduces its outstanding balances to zero on order to demonstrate has not become permanent capital
• D)the removal of the compensating balance requirement on a line of credit

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Definitions:

Dissenting Opinion

A separate judicial opinion written by a judge who disagrees with the majority's decision in a court ruling.

Ten-Year Terms

A fixed period duration, often used in agreements or contracts, lasting ten years.

U.S. Senate

One of the two chambers of the United States Congress, consisting of 100 members who serve six-year terms representing the 50 states, with each state having two senators.

Reply

A response given to a question or statement, often used in both verbal and written communication.