purpose loan
purpose loan · purpose loans
A type of loan that is backed by securities and that is used to purchase other…A type of loan that is backed by securities and that is used to purchase other securities under certain government regulations.
Meaning
1 sensesA type of loan that is backed by securities and that is used to purchase other securities under certain government regulations.
Forms
plural: purpose loans| Singular | purpose loan |
|---|---|
| Plural | purpose loans |
regular