loan value

noun

, Insurance.

1. the highest amount of money that can be borrowed against a life-insurance policy, based on the cash value of the policy.

Example Sentences

After an appraisal, the bank deemed that my home had indeed appreciated to 80% or more of the loan value.

From Salon

After an appraisal, the bank deemed that my home had indeed appreciated to 80% or more of the loan value.

From Salon

Since the financial crisis in 2008 there have been very few 100% loan value mortgages available.

From BBC

"The world is very different now," he says, and adds that his opinion has changed over the past 15 years, as long as the 100% loan value mortgages are "underwritten sensibly".

From BBC

When Abdullah filed a complaint with Jordan’s office, the bank eventually agreed to increase the loan value to $160,000, and Abdullah sold.

From Seattle Times