clean-down
C2CEFR level
88/100Rarity: very rare
TechnicalRegister
A requirement that the borrower reduce its revolving borrowings to nil or a low level for a specified number of days each year to show the facility funds working capital rather than long-term debt.
The revolver includes a clean-down obligation to zero for five consecutive business days annually.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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