cash value

American  

noun

Insurance.

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

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Etymology

Origin of cash value

First recorded in 1895–1900

Example Sentences

The jackpot has an estimated cash value of $686.5 million, according to a Powerball news release.

From Los Angeles Times

Wednesday’s jackpot has an estimated cash value of $572.1 million.

From Los Angeles Times

Sensing trouble, Ellison followed up, saying Paramount had offered a package that covered all the issues Warner had raised, including the need for “strong cash value” and “speed to close.”

From The Wall Street Journal

“We are pleased to enter this transaction, which delivers significant, near-term and certain cash value to our stockholders,” Valade said in a statement.

From MarketWatch

The jackpot has a cash value of about $770.3 million.

From Los Angeles Times