The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

CLEANUP CALL Definition & Legal Meaning

Definition & Citations:

Issuer of a debt instrument requiring the action of liquidating the instrument before full amortization. When the outstanding principal is less than 10% of the original debt, this action is often triggered to reduce administrative costs. Known also as cleanup buyback. The instrument involved is often a bond.


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