LAS is an abbreviation for the term “loan against securities”. LAS allows you to borrow funds (a particular loan amount) by pledging your securities as collateral for a loan. Equity shares or stocks or DEMAT shares, mutual funds units constituting both equity and debt, and life insurance policies are some prominent types of securities extensively employed as collateral for loans. A loan against equity shares and other securities is sanctioned only after the bank’s approval and verification. An investor who is invested in the equity market for the long term can leverage such LAS contracts to meet shortfall fund requirements.