Definition of sole written for English Language Learners from the Merriam-Webster Learner's Dictionary with audio pronunciations, usage examples, and count/noncount noun labels. Learner's Dictionary mobile search
6 Page 6 Load Types-Collateral â¢ Collateral Loads are a form of dead load on the roof or floor of a building. These loads are usually estimated with the help of the Architect or Engineer of Record, and represent the weight of items such as ceilings and mechanical equipment supported by the building.
The collateral for your policy loan is the death benefit, which means that if you should die before repaying the loan the death benefit will be reduced by the amount of the outstanding loan. Whole life policy loans have interest rates significantly below market rates and often have no interest at all.