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premium loan

noun
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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

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Dictionary Entries Near premium loan

premium

premium loan

premium note

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Cite this Entry

“Premium loan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/premium%20loan. Accessed 20 Oct. 2021.

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