purpose statement

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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Licensure, health care, health policy, education, access, role development/delineation were some of the concepts found within various organization's purpose statements. Upon careful examination, there are common goals interwoven throughout all of them: enhance and promote nursing's role, address and promote legislative and practice issues, set standards for practice excellence, improve the quality of health care and unite our profession.
This transformative six-part course focuses on drafting life purpose statements to gain perspective and draw maximised meaning from all dimensions of everyday living including family, friends, career, money and health.
This transformative six-part course focuses on drafting life purpose statements to gain perspective and draw maximized meaning from all dimensions of everyday living including family, friends, career, money and health.
Most company mission or purpose statements don't meet these criteria - and they don't have a positive effect on employees.
Relevant results are based on well-developed research questions (or purpose statements) and hypotheses.
In addition to opening the stock exchange at the Nasdaq MarketSite at New York City's Times Square, the company accomplished several other important activities in the first week of January, including the rollout of a new corporate identity supported with a new logo, new vision and purpose statements, and a new corporate website at the URL walgreensbootsalliance.com.
Bringing inspiration and innovation to every athlete in the world, refreshing the world and inspiring moments of optimism and happiness, and accelerating the advent of sustainable transport are three examples of good purpose statements.
The related Practice Advisory 2410-1, "Communication Criteria," goes on to state: Purpose statements should describe the engagement's objectives [premise] and may, where necessary, inform the reader why the engagement was conducted and what it was expected to achieve.
Purpose statements define how we see and express our visions, missions and strategies as it will change the world around us.
In establishing and executing assessment initiatives, there are places where our focus is predominantly one of separation--our rubrics have multiple levels of competencies, item correlation allows us to maximize the efficiency of our scales, and purpose statements or objectives are arranged in a structured hierarchy.