purpose loan

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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References in periodicals archive ?
He said for this purpose loan should be provided to them both by the government and banks.
Another amount of Rs 8,235,075 paid for general purpose loan.
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
The general purpose loan has attracted international attention and is the first to be raised by a public sector corporate borrower.
30, 2017, the multiple purpose loan portfolio consisted of: 45% single-family whole loans, 48% MBS certificates, and 7% multi-family loans.
3 million municipal purpose loan of 2008 bonds, series A, and $1.
3 million GO municipal purpose loan of 2011, series A, 'AA-';
2 million GO bonds, municipal purpose loan of 2010.
31, 2017, the multiple purpose loan portfolio consisted of: 47% single-family whole loans, 46% MBS certificates, and 7% multi-family loans.
NEW YORK -- Fitch Ratings assigns an 'A' rating to the city of Worcester, Massachusetts' $38 million general obligation (GO) municipal purpose loan of 2009 bonds.
Clinton (MA), $5,584,000 general obligation state qualified municipal purpose loan series 2009
Sutton (MA), $2,264,383 general obligation municipal purpose loan bonds, series 2009