Rollover
/ˈrɒləʊvər/
Definitions
- (n.) The act of transferring the balance of a loan or investment to a new account or instrument, usually to avoid penalty or extend the term.
The borrower opted for a rollover of the loan to secure better interest rates.
- (n.) In insurance, the process by which the proceeds of a matured policy are reinvested in a new policy or annuity.
The policyholder requested a rollover of the matured life insurance policy into an annuity.
- (n.) In tax and retirement contexts, moving funds from one tax-advantaged account to another without triggering tax liability.
He completed a rollover of his 401(k) into an IRA to consolidate his retirement savings.
Forms
- rollover
- rollovers
Related terms
See also
Commentary
Rollover frequently appears in finance, insurance, and tax law; clarity in drafting requires specifying the context to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.