loan value
loan value (保险单)押借限额；抵借价值 指在财产或人身保险中能够安全贷款的最高金额，以便在借款人违约时，得以保护贷款人的权利。该最高金额实际上等于退保金额。 (→surrender value)
LOAN VALUE
loan value
loan value. Insurance. 1. The maximum amount that may be lent safely on property or life insurance without jeopardizing the lender’s need for protection from the borrower’s default. 2. The amount of money an insured can borrow against the cash value of his or her life-insurance policy. [Cases: Insurance 1868. C.J.S. Insurance §§ 352–356.]