Advertising

Annual cleanup

• The requirement that for a certain number of days during the year, borrowers under a line of credit carry a zero loan balance (i.e., owe the bank nothing).

 
 Embedded terms in definition
 Carry
Credit
E
Line of credit
 
 Related Terms
 

<< Announcement date Annual fund operating expenses >>

"Green" Banking: Saving the Environment as You Save and Borrow Money: You're probably already recycling paper, glass and plastic. But did you know you also may be able to help save the environment as you do your banking? Here are options that may be available from your bank. More...

Give the people not hell, but hope and courage. - John Murray

Advertising



Copyright 2009-2017 GVC. All rights reserved.