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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The slower increase in motor vehicle loans, salary-based general purpose loans and other types of household loans offset the faster expansion in credit card loans in January.
The BSP attributed the slower increase to the low growth of motor-vehicle loans, salary-based general purpose loans, and other types of household loans, which offset the faster expansion in credit-card loans during the period.
The acceleration in the growth in credit card loans was offset by the slower increase in motor vehicle loans and salary-based general purpose loans as well as the decline in other types of household loans,' the BSP explained.
This portfolio arises from credit cards, general purpose loans, overdraft loans, commercial loans, cheque accounts, insurance receivables and expenses.
We designed Business Loans to help address this need for smaller, general purpose loans that can help businesses make critical equipment purchases or renovations to keep up with growing demand, or consolidate business debt to help with cash flow.
3 percent in July, on higher exposure auto loans and credit card loans as well as sustained growth in salary-based general purpose loans and other types of household loans, the BSP said.
Continuing its top honors as a one of the largest private money lenders in the California real estate market for the last three years straight, Val-Chris demonstrated its ability as a trusted lender by serving the needs of first-time home buyers, buyers seeking to refinance their homes for business purpose loans, and investors who are either denied access to or shut out from securing loans from traditional mortgage lenders.
Digging further into the details, the growth trend in the general purpose loans remains elevated, while it softens in the consumer credit card segment.
It offers commercial and industrial purpose loans with terms of three, five and seven years and commercial real estate loans financed for up to 15 years.
Here the average maturity of general purpose loans is below three years.
two of the town's general obligation municipal purpose loans ($4,228,000 for 1998 and $6,212,000 for 2002).
Arab banks have also given general purpose loans, in many cases without knowing how the funds will be used, exposing their retail portfolios to the vagaries of property or equity markets.