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loan value

noun, Insurance.
1.
the highest amount of money that can be borrowed against a life-insurance policy, based on the cash value of the policy.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for loan value
  • Often, my clients prefer to do so either due to lack of funds to close or they are at a maximum limit on loan value.
  • Utilizes an appraisal to check comparison of the loan value and the property value.
  • There is generally no loan value or cash surrender value on a term life insurance policy.
  • The value taken from these books is the average loan value.

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