Ordinance of the Banking Companies section 1962, 5 (mm) secured loan or advance means the definition of security provided under the Capital Issues (Continuation of Control) Act 1947, under section 5 (mm) of the Ordinance of Banking Companies, 1962 Adopted: Under this ordinance a `secured loan or advance is a loan made against such security of assets whose value is not less than the loan at any time, however, the unsecured loan or advance. In view of the meaning of forehead, if the same clause at any time the cost of security falls below the tire loan / advance then this portion of the loan is called unsecured loan. Will Jha
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