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