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Purpose loan |
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Purpose loanA loan that is backed by securities and that is used to buy other securities under certain government regulations.Purpose loan Similar MatchesPrivate purpose bondPrivate purpose bondA municipal bond allowing more than 10% of the proceeds go to private activities. Purpose creditPurpose creditCredit used for the purpose of buying, carrying or trading in securities. Dual purpose fundDual purpose fundIn 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) bondEssential purpose (or function) bondSee: Public purpose bond Dual purpose fundDual purpose fundA 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 SuggestionsPublic purpose bondNonpurpose loan Purpose statement |
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