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NON-PURPOSE LOAN
\nˈɒnpˈɜːpəs lˈə͡ʊn], \nˈɒnpˈɜːpəs lˈəʊn], \n_ˈɒ_n_p_ˈɜː_p_ə_s l_ˈəʊ_n]\
Definitions of NON-PURPOSE LOAN
1910 - Black's Law Dictionary (2nd edition)
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A
loan
whose
collateral
is
securites.
The
margin
rule
is
not
used
to
acquire
more
securities
.
1910
- Black's Law Dictionary (2nd edition)
By Henry Campbell Black
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NON-PURPOSE LOAN
non-qualified retirement plan
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