Advertisement

Advertisement

premium loan

noun

, Insurance.
  1. a loan made by a life-insurance company in order that a policyholder may pay the due premium, the cash value on the policy serving as security.


Advertisement

Word of the Day

petrichor

[pet-ri-kawr]

Meaning and examples

Start each day with the Word of the Day in your inbox!

By clicking "Sign Up", you are accepting Dictionary.com Terms & Conditions and Privacy Policies.

Advertisement

Advertisement

Advertisement


premiumPremium Savings Bonds