HomeDefinitionsCompareDebt Purpose creditThe financial definition for Purpose credit:Credit used for the purpose of buying, carrying or trading in securities. Similar MatchesDual 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. Essential purpose (or function) bondEssential purpose (or function) bondSee: Public purpose bond Nonpurpose loanNonpurpose loanA loan with securities pledged as collateral, but which is not to be used in securities trading or transactions. Further SuggestionsPrivate purpose bondPublic purpose bond Purpose loan Purpose statement Click to compare definitions of Purpose credit Click to view definitions beginning pu |