surrender value

noun

, Insurance.

1. cash value.

Word History and Origins

Origin of surrender value¹

First recorded in 1875–80

Example Sentences

Renewable term-insurance premiums are lower than straight life insurance because in the former there is no cash surrender value.

From Project Gutenberg

Even if you wanted to surrender it, the cash surrender value is less than ten thousand at the present time.

From Project Gutenberg

That the surrender value of a lapsed policy was payable at any time after default, on application being made for the same.

From Project Gutenberg