Overview

loanback


'loanback' can also refer to...

 

More Like This

Show all results sharing this subject:

  • Financial Institutions and Services

GO

Show Summary Details

Quick Reference

An arrangement in which an individual can borrow from the accumulated funds of his or her pension scheme. Usually a commercial rate of interest has to be credited to fund for the use of the capital. Some life assurance companies offer loan facilities on this basis of up to fifteen times the annual pension premium.

Subjects: Financial Institutions and Services.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.