General-purpose loan collateralized with securities. Normally an investment bank can lend up to 90 percent of the collateral value of the securities, provided the loan proceeds are not used for buying more securities. Otherwise (under Federal Regulation T) only 50 percent of the collateral value can be lent and (under Federal Regulation U) the borrower must submit an affidavit (purpose statement) disclosing the purpose of the loan.

Related information about non-purpose loan:

1. Non-Purpose Loan Definition | Investopedia
   A type of loan that uses an investment portfolio as loan collateral and the proceeds of which can not be used to purchase, carry or trade securities. This type of ...
    
2. Non-Purpose Loan - Financial Dictionary - The Free Dictionary
   Definition of Non-Purpose Loan in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is Non-Purpose Loan? Meaning of ...
    
3. What is non-purpose loan? definition and meaning
   Definition of non-purpose loan: General-purpose loan collateralized with securities. Normally an investment bank can lend up to 90 percent of the collateral ...
    
4. Reg U - Purpose Loan Vs Non-Purpose Loan - Kathleen Blanchard
   May 4, 2009 ... Question: What is the difference under Reg U between a purpose loan and a non -purpose loan when adhering to margin requirements as a ...
    
5. Non-Purpose Loan: Definition from Answers.com
   Non-Purpose Loan A type of loan that uses an investment portfolio as loan collateral and the proceeds of which can not be used to purchase,
    
6. What Is a Purpose Loan?
   While both loans are backed by qualified securities, the non-purpose loan is ... Typically, with a non-purpose loan, the borrower must declare the reason he or ...
    
7. What is NON-PURPOSE LOAN? - The Law Dictionary
   Definition of NON-PURPOSE LOAN: A loan whose collateral is securites. The margin rule is not used to acquire more securities.
    
8. Wealth Management
   The proceeds of a non-purpose loan may not be used to purchase, carry or trade securities. Therefore a non-purpose securities-based loan is a loan that uses ...