| 释义 |
loanback
loanback (ˈləʊnˌbæk) n (Insurance) a facility offered by some life-assurance companies in which an individual can borrow from his pension fundvb (Insurance) to make use of this facilityLoanback
LoanbackThe ability to borrow money using one's life insurance or retirement fund as collateral. Loanbacks are available for whole life insurance but not term life insurance. Loanbacks are useful in that they allow one to access the equity of borrowers' savings. |