cash surrender value

1. 1.

   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

   Broadersum

Questions about cash surrender value

What does cash surrender value mean?

cash surrender value means "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".

Is cash surrender value a common word?

cash surrender value is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.