Surrender value

The amount available in Cash upon cancellation of an Insurance policy, usually a whole life Policy, before it becomes payable upon death or Maturity. also called Cash surrender value or Cash value.

Related Terms: 10 Cash, Call, Cancel, Cash surrender value, Cash value, Insurance, Insurance policy, Maturity, Policy, Surrender value

Other Related Pages: Category: Insurance Starting With: S

Additional Related Terms: Allowance for depreciation, Available assets, Accreted value, Accrual of discount, Amortization of premium, Amortized value, At par, All or any part, At best, At call