surrender value
surrender value n: cash surrender value

Merriam-Webster’s Dictionary of Law. . 1996.

surrender value
n.
The amount that an insurer will pay a policy-holder if he or she gives up a life insurance policy, i.e., the policy’s current value.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


surrender value
The amount of money an insurance policyholder would get from selling the policy back to the insurance company Only some kinds of life insurance policies, such as whole life policies, have a surrender value. Term life insurance has no surrender value. (See also: avails)
Category: Wills, Trusts & Estates

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

  • surrender value — Surrender Sur*ren der, n. 1. The act of surrendering; the act of yielding, or resigning one s person, or the possession of something, into the power of another; as, the surrender of a castle to an enemy; the surrender of a right. [1913 Webster]… …   The Collaborative International Dictionary of English

  • surrender value — surrender values N COUNT The surrender value of a life insurance policy is the amount of money you receive if you decide that you no longer wish to continue with the policy. [TECHNICAL] …   English dictionary

  • surrender value — The cash amount received if an insurance policy is cancelled before its maturity date. * * * surrender value surrender value ➔ value1 * * * surrender value UK US noun [U] ► the value of an insurance policy if you end it before its original end… …   Financial and business terms

  • surrender value — The sum of money given by an insurance company to the insured on a life policy that is cancelled before it has run its full term. The amount is calculated approximately by deducting from the total value of the premiums paid any costs,… …   Accounting dictionary

  • surrender value — The sum of money given by an insurance company to the insured on a life policy that is cancelled before it has run its full term. The amount is calculated approximately by deducting from the total value of the premiums paid any costs,… …   Big dictionary of business and management

  • surrender value — UK / US noun [countable] Word forms surrender value : singular surrender value plural surrender values the amount of money that you receive from a life insurance policy if you decide you want to stop the policy …   English dictionary

  • surrender value — noun : the cash value of an insurance policy that may be taken in cash or applied to the purchase of fractional paid up or extended term insurance * * * surˈrender value 7 [surrender value] noun the amount of money that you get if you end a life… …   Useful english dictionary

  • surrender value — išperkamoji suma statusas Aprobuotas sritis draudimo veikla apibrėžtis Suma, kuri apskaičiuojama aktuariniais metodais, atsižvelgiant į sumokėtų draudimo įmokų dalį, skirtą kapitalui kaupti, sutarties galiojimo metu sukauptas palūkanas, draudėjui …   Lithuanian dictionary (lietuvių žodynas)

  • surrender value — Insurance. See cash value. [1875 80] * * * …   Universalium

  • surrender value — sur render ,value noun count the amount of money you receive from a LIFE INSURANCE POLICY if you decide you want to stop the POLICY …   Usage of the words and phrases in modern English

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