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
References in periodicals archive ?
United could agree to sell now yet keep Souttar in a loanback arrangement for the remainder of this season.
Another option could be to allow first-time buyers to boost their deposit by accessing locked savings in their personal pension pots through a loanback scheme.