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Purpose Statement
(redirected from Purpose Statements)

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Purpose statement
A form filed by a borrower that describes the use of a loan backed by securities, and guarantees that the funds lent will not be used illegally to buy securities against Federal Reserve regulations.

Purpose Statement
A form banks require borrowers to fill out when borrowing funds secured by margin stock in excess of a certain amount. The purpose statement indicates the reason the borrower is taking out the loan and guarantees that he/she will not use the funds to buy securities in violation of SEC or other regulations.

purpose statement
A document that states the use to which proceeds of a loan that is backed by securities are to be put. The borrower agrees not to use the funds to purchase securities in violation of Federal Reserve credit regulations.


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Simple purpose statements like "Check email" or "Find map to Detroit" or "Research where to advertise my blog" can save countless hours by reminding you of your true purpose for sitting down at the keyboard (and keep you from wandering off to explore Britney Spears or The Simpsons).
In 2005, the AWD will review our mission and purpose statements to help us become better at recruiting new members, collaborating with other ACTE divisions, keeping our members informed about ACTE, and creating professional development opportunities.
[ILLUSTRATION OMITTED] Marchica demonstrates how his company, now called FWI, developed its values and purpose statements, and he gives readers a step-by-step exercise for looking five to 10 years into their company's future.
 
 
 
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