cash surrender value
cash sur·ren·der value n: the amount of money an insurer will pay the insured upon surrender of a life insurance policy usu. calculated as the reserve held by the insurer against the policy less a charge for surrender and any outstanding indebtedness

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

cash surrender value
The amount of cash available upon voluntary termination of an insurance policy before the insurance benefits become payable.
Category: Wills, Trusts & Estates → Getting Your Affairs in Order

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


cash surrender value
The amount of money that an insurance company pays an insured upon cancellation of a life insurance policy before death and which is a specific figure assigned to the policy at that particular time, reduced by a charge for administrative expenses.

Dictionary from West's Encyclopedia of American Law. 2005.


cash surrender value
The amount of money that an insurance company pays an insured upon cancellation of a life insurance policy before death and which is a specific figure assigned to the policy at that particular time, reduced by a charge for administrative expenses.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • cash surrender value — ( CSV) The amount of cash that can be obtained by the policy owner upon cancellation of a whole life insurance policy. CSV may also be borrowed by the policy owner. Only certain kinds of life insurance policies have cash surrender values.… …   Financial and business terms

  • cash surrender value — The cash value of a life insur ance policy as ascertainable by established rules, where the policy has been abandoned and given up for cancellation to the insurer by the person having a contractual right to do so. 29 Am J Rev ed Ins § 620; the… …   Ballentine's law dictionary

  • Cash Surrender Value — The sum of money an insurance company will pay to the policyholder or annuity holder in the event his or her policy is voluntarily terminated before its maturity or the insured event occurs. This cash value is the savings component of most… …   Investment dictionary

  • Cash surrender value — The cash surrender value is the amount of cash a policyholder receives from the life insurance company if he or she actually terminates (surrenders) a life insurance policy before it becomes payable by death or maturity. This amount is net of any …   Wikipedia

  • cash surrender value — noun the amount that the insurance company will pay on a given life insurance policy if the policy is cancelled prior to the death of the insured • Hypernyms: ↑sum, ↑sum of money, ↑amount, ↑amount of money * * * cash surrender value, the amount… …   Useful english dictionary

  • Cash Surrender Value — (CSV)  The value of an insurance policy if canceled by the insured …   American business jargon

  • Cash-surrender value — An amount the insurance company will pay if the policyholder ends a whole life insurance policy. The New York Times Financial Glossary …   Financial and business terms

  • cash-surrender value — The amount an insurance company will pay if the policyholder tenders or cashes in a whole life insurance policy. Bloomberg Financial Dictionary …   Financial and business terms

  • surrender value — n: cash surrender value Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. surrender value …   Law 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

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