clean-down

clean-down
clean-down «KLEEN DOWN», noun, adjective.
–n.
an agreement requiring a company to reduce its debt and renegotiate the terms of its loans.
–adj.
of or related to a clean-down: »

Mr. Ullman said such “clean-down” requirements were standard in most working capital agreements (Stephanie Strom).


Useful english dictionary. 2012.

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