Cash surrender value
volume
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British pronunciation/kˈaʃ səɹˈɛndə vˈaljuː/
American pronunciation/kˈæʃ sɚɹˈɛndɚ vˈæljuː/

Definition & Meaning of "cash surrender value"

Cash surrender value
01

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

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