- loan value
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the highest amount of money that can be borrowed against a life-insurance policy, based on the cash value of the policy.
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Universalium. 2010.
loan value
Look at other dictionaries:
loan value — n. relation between the value of collateral and the amount of a loan … English contemporary dictionary
loan value — noun : the amount which the owner may borrow against a life insurance policy, equal to the cash value less interest to the end of the current policy year * * * Insurance. the highest amount of money that can be borrowed against a life insurance… … Useful english dictionary
loan value — The maximum percentage of the value of securities that a broker can lend to a margin account customer, as dictated by the Federal Reserve Board in Regulation T. Bloomberg Financial Dictionary … Financial and business terms
Loan value — The amount a policyholder may borrow against a whole life insurance policy at the interest rate specified in the policy. The New York Times Financial Glossary … Financial and business terms
loan value — The maximum amount which can be safely lent on property or life insurance consistent with the lender s rights to protection in the event of the borrower s default … Black's law dictionary
loan value — The maximum amount which can be safely lent on property or life insurance consistent with the lender s rights to protection in the event of the borrower s default … Black's law dictionary
loan — n 1 a: money lent at interest b: something lent usu. for the borrower s temporary use 2: a transfer or delivery of money from one party to another with the express or implied agreement that the sum will be repaid regardless of contingency and usu … Law dictionary
Loan modification in the United States — Loan modification, the systematic alteration of contactual mortgage loan agreements, has been practiced in the United States since the 1930s. During the Great Depression loan modification programs took place at the state level in an effort to… … Wikipedia
loan-to-value ratio — loan to value ( LTV) ratio The name used to refer to a credit analysis ratio that measures collateral coverage. To calculate the LTV ratio, the total amount of the borrower s obligations to the bank is divided by the total calculated value for… … Financial and business terms
Loan origination — is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application through disbursal of funds (or declining the application). Loan… … Wikipedia
