HomeDefinitionsCompareDebt Purpose loanThe financial definition for Purpose loan:A loan that is backed by securities and that is used to buy other securities under certain government regulations. 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 credit Purpose statement Click to compare definitions of Purpose loan Click to view definitions beginning pu |