/ Dictionary / Index P policy loan: Meaning and Definition of Find definitions for: pol'icy loan" Pronunciation: [key] — Insurance. Insurance. a loan made by a life-insurance company to a policyholder with the cash value of the policy serving as security. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. policyholder policymaker Related Content Daily Word Quiz: mamba Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language