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cash value

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noun Insurance.
  1. the nonforfeiture value of a life-insurance policy payable to the insured in cash upon its surrender.

Origin of cash value

First recorded in 1895–1900
Also called cash surrender value, surrender value.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Examples from the Web for cash value

Historical Examples

  • And this cash-value, it is needless to say, is verbatim et literatim what our empiricist account pays in.

    Essays in Radical Empiricism

    William James

  • And this cash-value, it is needless to say, is verbatim et liberatim what our empiricist account pays in.