Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,899,115,378 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Loanback

   Also found in: Dictionary/thesaurus 0.01 sec.
Loanback
The 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.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
No references found
 
The bond only comes with a flexible loanback facility allowing investors to borrow back up to 60pc of their investment at an interest rate of 1pc below Newcastle's standard variable mortgage rate, currently 5.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.