Amount available for borrowing against a permanent policy.
In life insurance, a specified amount that can be borrowed from the insurance company by the policyowner, using the cash value of the policy as collateral. In the event the policy matures with the debt either partially or fully unpaid, then the amount borrowed, plus any accrued interest, is deducted from the face amount and the balance is paid to the beneficiary.
The amount of money that can be borrowed against real estate, an insurance policy, bonds, stocks or other property.
The amount which can be borrowed by the policy owner from the company using the value of the policy as collateral. Usually the interest rate payable on the loan varies based on an index defined in the policy.
A portion of the policy's cash value which an insurer will lend to the policy owner at a rate of interest defined by the contract provisions.
The amount which can be borrowed against a life insurance policy by the policyholder from the insurer, using the value of the policy as collateral. If the insured dies before the debt is repaid, the amount of the unpaid plus any interest is deducted from the amount of life insurance benefits payable.
The average amount of credit that may be obtained on vehicles sold at or near the average listed value in the designated region.
Determinable amount that can be borrowed from the issuing company by the policyowner using the value of the life insurance policy as collateral.
This is the amount a lender is willing to lend to a borrower, plus the interest rate to borrow that amount.
In life insurance, the amount of money insureds can borrow against the cash value of their own individual policy. As the cash value of the policy increases, so does the loan value.
A determinable amount which can be borrowed from the issuing company by the policy owner using the value of the policy as collateral. In the event the policy matures by death or as an endowment with the debt either partially or fully unpaid, then the amount borrowed plus any accrued interest is deducted from the face amount.
The amount that can be borrowed from the insurance company using the policy cash value as collateral.
the value of property which is a certain percentage of its market value which the bank is willing to lend with only the property as security.
A term which refers to the amount of money an insured can borrow using the cash value of his Life Insurance policy as security.
The amount that the policyholder can borrow from the insurance company (the policy serves as collateral).
The amount which can be borrowed at a specified rate of interest from the issuing company by the policyholder, using the value of the policy as collateral. In the event the policyholder dies with the debt partially or fully unpaid, then the amount borrowed plus any interest is deducted from the amount payable.
The value of a long-term assurance policy up to which a loan will be granted on the security of the policy.
The amount of money, expressed as a percentage of market value, that the customer may borrow from the firm.
The total amount that can be borrowed against the the life insurance policy.
Maximum percentage of current market value of margin eligible securities that a brokerage firm can lend a margin account client.
The amount a policyholder may borrow against a whole life insurance policy at the interest rate specified in the policy.
The amount a brokerage will lend an investor against an asset already owned.
The maximum amount of credit that a lender may lend against collateral. For example, at 50% of appraised value, a piece of property worth $500,000 has a loan value of $250,000. With respect to the brokerage industry, Regulation T of the Federal Reserve Board stipulates the maximum percentage of eligible securities that a brokerage firm may lend to a margin account client. See: Collateral; Federal Reserve Board; Margin Account; Regulation T
