loan
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1.
As applied to life insurance, this means a loan paid by an insurance company to the policyholder on the security of the cash value of the policy. The policyholder does not have to repay the loan until the policy matures or until the loan and any outstanding interest equals the cash value.
Internal Revenue Service 1 -
2.
"Loan" includes the purchase or other acquisition of evidence of indebtedness and money used for the purchase or other acquisition of evidence of indebtedness.
Oregon Legislature 2
