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.



Purpose statement

Similar Matches

Statement of account

Statement of account

A document, issued by a supplier to its customer, listing transactions over a given period, normally monthly. It will include details of invoices, payments received and any credits approved with a resultant balance payable by the customer.


Reinstatement

Reinstatement

(1) Payment of a note, mortgage, deed of trust, etc., to bring it from default to good standing. (2) Restoring the previously used entitlement of a veteran to enable the veteran to purchase property under a VA program. (Also called Restoration of Eligibility).


Combined financial statement

Combined financial statement

A financial statement that merges the assets, liabilities, net worth, and operating figures of two or more affiliated companies. A combined statement is distinguished from a consolidated financial statement of a company and subsidiaries, which must reconcile investment and capital accounts.


Reinstatement value

Reinstatement value

The cost of rebuilding your home should it be destroyed.


Account statement

Account statement

In the context of banking, refers to a summary of all balances. In the context of securities, a summary of all transactions and positions (long and short) between a broke../../finance-glossary/dealer and a client. See also: Option agreement.


Further Suggestions

Consolidated financial statement
Offset Statement
Opportunity Statement
Uniform Settlement Statement
profit and loss statement (P&L)
Closing Statement
Pro forma statement
Reinstatement
Disposition of Real Estate Statement
Statement of condition
Completion statement
Statement of Additional Information (SAI)
Notes to the financial statements
Statement of Cash Flows Method
Percentage financial statement
Redemption statement
Statement of Financial Accounting Standards No 8
bank statement
Offering statement
Statement of Financial Accounting Standards No 52
Annual mortgagor statement
Official statement
Sources and applications of funds statement
Copy statement
Financial Statement


 
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