CASH SURRENDER VALUE

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

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

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("cash surrender value" is a kind of...):

amount; amount of money; sum; sum of money (a quantity of money)

Credits