Loanback
noun ·Rare ·Advanced level
Definitions
- 1 A loan made from a pension or annuity to someone who has contributed money to that pension or annuity. countable, uncountable
"For example, a unit-linked office may require the borrower to have part at least of his personal pension premiums invested in units in a special fund from which the office makes loans to loanback borrowers."
- 2 A loan from a trust fund to the grantor that created the fund. countable, uncountable
"A prearranged loanback of the entire gift property itself (rather than just the income therefrom) may well be disregarded as being merely a grantor retained control over the property, thereby causing the entire amount of the "loan" to be included in the grantor's estate."
Example
More examples"For example, a unit-linked office may require the borrower to have part at least of his personal pension premiums invested in units in a special fund from which the office makes loans to loanback borrowers."
Etymology
From loan + back.
More for "loanback"
Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.