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

Similar Matches

Private purpose bond

Private purpose bond

A municipal bond allowing more than 10% of the proceeds go to private activities.


Purpose credit

Purpose credit

Credit used for the purpose of buying, carrying or trading in securities.


Dual purpose fund

Dual purpose fund

In the US, a closed end fund with a limited life and two main classes of shares. Holders of preferred shares receive all the income. Common shareholders receive all the fund's assets at expiry after preferred shareholders have been paid their fixed redemption price. Similar to a split capital investment trust in the UK.


Essential purpose (or function) bond

Essential purpose (or function) bond

See: Public purpose bond


Dual purpose fund

Dual purpose fund

A closed-end fund consisting of two classes of shares. The two classes are preferred shares, on which shareholders receive all the dividends and interest from the portfolio, and common shares, on which shareholders receive all the capital gains.


Further Suggestions

Public purpose bond
Nonpurpose loan
Purpose statement


 
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