loanback


Also found in: Financial.

loanback

(ˈləʊnˌbæk)
n
(Insurance) a facility offered by some life-assurance companies in which an individual can borrow from his pension fund
vb
(Insurance) to make use of this facility
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References in periodicals archive ?
United could agree to sell now yet keep Souttar in a loanback arrangement for the remainder of this season.
For a list of usury laws by state, see Usury Laws by State, LOANBACK (Mar.