Meanings
nounpurpose loan (plural purpose loans)
plural purpose loans
- businessA type of loan that is backed by securities and that is used to purchase other securities under certain government regulations.
Cite this entry
APA
purpose loan. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/purpose%20loan
MLA
“purpose loan.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/purpose%20loan. Accessed November 4, 2026.
Chicago
WatkinsX Dictionary, s.v. “purpose loan,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/purpose%20loan.
Source: purpose loan on Wiktionary, CC BY-SA 4.0.