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policy loan

American  

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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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 • Jan. 14, 2024

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

From Reuters • Nov. 17, 2023

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 • Jan. 21, 2022

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

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.