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Meaning of purpose loan | Babel Free

Noun CEFR B2

Definitions

A type of loan that is backed by securities and that is used to purchase other securities under certain government regulations.

CEFR level

B2

Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

purpose statement purpose, aim, objective, goal purpose, end use purpose, object Purposed purposeful