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单词 cleanup call
释义

cleanup call

Definition
The action of a debt instrument (e.g. bond) issuer requiring early redemption of the instrument before it is fully amortized. This normally occurs when the principal outstanding is less than 10% of the original debt issued. The call is often made to reduce administrative costs. Also called cleanup buyback.
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更新时间:2025/5/26 7:47:06