loading

Definition

An amount an insurance company adds to the basic premium to cover the expense of securing and maintaining the business.

Use loading in a sentence

You should make sure that you are not paying to much for the loading before you agree to the deal.

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You need to watch out for the loading some insurance companies can add on; you don't want to be stuck paying exorbitant amounts.

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Stan decided that in loading his clients accounts by 20%, he was going to be give a great award for so healthily contributing to Allstate's bottom line.

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load-adjusted return loan