- policy loan
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a loan made by a life-insurance company to a policyholder with the cash value of the policy serving as security.
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Universalium. 2010.
policy loan
Look at other dictionaries:
policy loan — noun : a loan granted by the insurer to the holder of a life insurance policy in an amount no greater than the cash value of the policy * * * Insurance. a loan made by a life insurance company to a policyholder with the cash value of the policy… … Useful english dictionary
Policy Loan — A loan issued by an insurance company that uses the cash value of a person s life insurance policy as collateral. Sometimes referred to as a life insurance loan. Traditionally, these were loans issued at a very low interest rate, but that is no… … Investment dictionary
policy loan — A loan often made at a below market interest rate from an insurance company to a policyholder that is secured by the cash surrender value of a life insurance policy. Bloomberg Financial Dictionary … Financial and business terms
policy loan — See loan on life insurance policy … Ballentine's law dictionary
policy — The general principles by which a government is guided in its management of public affairs, or the legislature in its measures. A general term used to describe all contracts of insurance. See policy of insurance. This term, as applied to a law,… … Black's law dictionary
loan — Synonyms and related words: Wall Street loan, accommodate with, accommodation, advance, allow, allowance, call loan, call money, collateral loan, credit, demand loan, external loan, float a loan, foreign loan, lease lend, lend, lend lease, loan… … Moby Thesaurus
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 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
Loan protection insurance — Loan protection insurance, or loan payment protection insurance, is a form of payment protection insurance. This type of insurance can help you protect your monthly loan payments if you become unemployed or suffer an accident or sickness.Loan… … Wikipedia
policy — pol‧i‧cy [ˈpɒlsi ǁ ˈpɑː ] noun plural policies 1. [countable] also inˈsurance ˌpolicy INSURANCE a contract with an insurance company, or an official written statement giving all the details of such a contract: • She did not realize that her… … Financial and business terms
