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loanback

/ ˈləʊnˌbæk /

noun

  1. a facility offered by some life-assurance companies in which an individual can borrow from his pension fund
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


verb

  1. to make use of this facility
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Example Sentences

In addition, services like Lending Karma and LoanBack help lenders formalize agreements with individuals, Robinson says.

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