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.

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

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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.

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

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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.

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