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Hypothecary Value
Source:
Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority and you can order
it here)
Loan
value; COLLATERAL value; the value of securities or other collateral,
e.g. notes, acceptances, etc., when placed on deposit with the lender
as a pledge for the payment of a loan. Good bonds may have a hypothecary value equal to from 75 to
90% of their market value on "nonpurpose" loans.
See
HYPOTHECATION, MARGIN
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