Answer:
Purpose credit is any credit for the purpose, whether immediate, incidental, or ultimate, of buying or carrying margin stock. The transaction would be subject to Regulation U.
First published on BankersOnline.com 8/30/10
Purpose credit is any credit for the purpose, whether immediate, incidental, or ultimate, of buying or carrying margin stock. The transaction would be subject to Regulation U.
First published on BankersOnline.com 8/30/10