Definition of loan value
: the amount which the owner may borrow against a life insurance policy, equal to the cash value less interest to the end of the current policy year
Join MWU now and get access to America’s largest dictionary, with:
- 300,000 words that aren't in our free dictionary
- Expanded definitions, etymologies, and usage notes
- Advanced search features
- Ad free!
Seen and Heard
What made you want to look up loan value? Please tell us where you read or heard it (including the quote, if possible).