roll over

Definition

A loan in which the borrower has the option to renew the loan upon maturity.

Use roll over in a sentence

You may want to allow some roll over on your service so if people don't use all of it they will still have some next itme.

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The student will roll over the loan once it matures so that she will have money to get her own place while she is looking for employment.

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Jane Smith called Fidelity when she retired and asked them to roll over 50% of her 401k to a demand account so she could have access to the funds.

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Mentioned in these terms

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registered retirement income fund Individual Retirement Account