purpose statement

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 ?
Our purpose statement declares a commitment to our roots: "To celebrate the culture, caring and spirit of Hispanic nurses who are the leading voice of health in our communities."
"At LifeBridge Health, our purpose statement is 'Caring for Our Communities Together.' It is not just something we say, it is something we do," Meltzer said.
She has seen thousands transformed by the discovery of their two-word purpose statement.
The policy is designed to "[prioritize] the dignity, stability, health and safety of renters in regulatory and enforcement decision-making," according to its purpose statement, and calls on the city to adopt a number of new or modified policies to strengthen enforcement for environmental hazards, maintenance issues and other problems in rental housing, while ensuring that retracting a rental license, and thus evicting all renters in affected properties, occurs only as a last resort.
"Chick-fil-A's corporate purpose statement is to glorify God, to be faithful stewards of all that's entrusted to them and have a positive influence on everyone who comes into contact with them.
Project Blitz's purpose statement would be less troubling if its leaders concentrated on their particular worship communities rather than on the public square, or even creating a religious sect.
Introduction: will provide adequate foundation for the body of the paper and will include a purpose statement for the paper
GHS and Palmetto Health will share a new purpose statement as well, which will replace current mission, vision and values statements.
Compare that to this purpose statement from a pharmaceutical company (Bristol -Myers Squibb):
A Framework for Increasing Your Self Awareness and Building Your Personal Purpose Statement