English Dictionary

loanback

noun

A loan made from a pension or annuity to someone who has contributed money to that pension or annuity. / A loan from a trust fund to the grantor that created the fund.

I received a loanback from my friend.

意味（1）

A loan made from a pension or annuity to someone who has contributed money to that pension or annuity.

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.

意味（2）

A loan from a trust fund to the grantor that created the fund.

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.