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Purpose Loan

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Purpose loan
A loan that is backed by securities and that is used to buy other securities under certain government regulations.

Purpose Loan
A loan with securities pledged as collateral in which the proceeds from the loan are used to buy other securities. See also: Margin loan.

purpose loan
A loan using securities as collateral with proceeds from the loan being used to purchase additional securities. Compare nonpurpose loan.


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3 million municipal purpose loan of 2008 bonds, series A, and $1.
Some uses for a non purpose loan include: Financing real estate opportunities; Paying your taxes; Refinancing high interest non-purpose debt; Financing business opportunities; Funding higher education; Buying a luxury item Non-purpose borrowing against your investment portfolio has a number of benefits that are not available with traditional margin borrowing.
People often refer to secured personal loans as any purpose loans because lenders award them for virtually any use, as long as the customer?
 
 
 
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