Maximum loan value
Maximum loan value is the percentage of current market value assigned by the Board under 221.7 (the Supplement) to specified types of collateral. The maximum loan value of margin stock is stated as a percentage of its current market value. Puts, calls and combinations thereof that do not qualify as margin stock have no loan value. All other collateral has good faith loan value.
12 CFR § 221.2
The terms used in this part have the meanings given them in section 3 of the Act or as defined in this section as follows: