policy loan

noun

, Insurance.

1. a loan made by a life-insurance company to a policyholder with the cash value of the policy serving as security.

Example Sentences

China’s central bank opted to keep its one-year policy loan interest rate at 2.5% on Monday while injecting funds into the financial system.

From Seattle Times

Banks were also told to keep interest rates relatively stable ahead of the central bank's medium-term policy loan operations.

From Reuters

The sources described the disbursement as a "topping up" that would effectively double a $350 million Development Policy Loan granted to Ukraine on Dec. 17 to support reforms to foster more competition in the economy, land reforms and access to credit for small farmers.

From Reuters

Funds from the development policy loan would help bridge a financing gap stemming from additional spending on the COVID-19 crisis, he added.

From Reuters

Millions of American dog owners were carried away by the image of Checkers' sad eyes pleading: "My poor master," "mortgages," "old car," "policy loan," "Republican cloth coat," etc.

From Time Magazine Archive