A loan structure, often nonrecourse, using free-trading stock or in some cases restricted stock as collateral
loan stock
Turkish pronunciation
lōn stäk
Pronunciation
/ˈlōn ˈstäk/ /ˈloʊn ˈstɑːk/
Etymology
[ 'lOn ] (noun.) 12th century. Middle English lon, from Old Norse lAn; akin to Old English l[AE]n loan, lEon to lend, Latin linquere to leave, Greek leipein.