What is stock service loan association?

Answer:
Depending on the type of structure, a stock-service loan organization can be defined as a lending company, trust, or even individual that utilizes stock as remuneration for individual members of the loan association. The issuing entity may be a bank or bank-like private operation. (See http://financial-dictionary.thefreedictionary.com/savings+and+loan+association)

Another definition applies to the more recent phenomenon of lending groups or lending associations that provide consulting and investment services to pools of stock-owning member. Here the emphasis in on the consulting and investment service rendered, the latter of which is usually provided by a Registered Investment Advisor (RIA - see http://financial-dictionary.thefreedictionary.com/RIA).

This should not be confused with securities-collateralized lending such as those offered by private institutional brokers and the private wealth management desks of major banks and brokerages (See www.abnicholas.com for example).
First answer by ID1201915590. Last edit by ID1201915590. Question popularity: 3 [recommend question].