premium loan

noun

Definition of premium loan

: a loan made in the amount of and for the purpose of paying a premium due upon a life insurance policy and constituting a lien against the policy

Love words?

You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.

Start your free trial today and get unlimited access to America's largest dictionary, with:

  • More than 250,000 words that aren't in our free dictionary
  • Expanded definitions, etymologies, and usage notes
  • Advanced search features
  • Ad free!

Learn More about premium loan

Statistics for premium loan

Cite this Entry

“Premium loan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/premium%20loan. Accessed 24 Oct. 2020.

Comments on premium loan

What made you want to look up premium loan? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

Test Your Vocabulary

Namesakes Word Quiz

  • a citrus fruit possibly named after a person
  • Which of the following is a fruit named after a Moroccan seaport?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
Add Diction

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!