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cleanup call

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cleanup call
Early redemption of the entire balance of a debt issue when a relatively small amount of the original issue remains outstanding. For example, mortgage-backed securities are gradually paid down as mortgages backing the bonds are paid off by homeowners. At some point the issuer of the mortgage-backed securities may decide to reduce its own administrative expenses by calling the balance of the issue.


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Bill Robertson, director of the Bureau of Street Services, said his agency needs an additional $250,000 to assign crews that could respond within 10 minutes to a cleanup call.
BUSINESSES' TRASH DIRTYING SKID ROW CITY COUNCIL WEIGHS $250,000 PLAN ... by Daily News (Los Angeles, CA)
The majority of the loans come from RTC 1992-8, which had reached its 10% cleanup call.
Fitch Affirms 4 Classes from Fairbanks Mortgage Loan Trust 1999-1 by Business Wire
The majority of the loans come from RTC 1992-8, which had reached its 10% cleanup call.
Fitch Affirms 4 Classes from Fairbanks Mortgage Loan Trust 1999-1 by Business Wire
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