cash value

noun

Insurance.

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

Word History and Origins

Origin of cash value¹

First recorded in 1895–1900

Example Sentences

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

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The jackpot, with a scheduled drawing for Wednesday, has an estimated cash value of $589.0 million and is the fifth largest ever.

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The next drawing is scheduled for Saturday, with an estimated cash value of $428.9 million, according to a Powerball news release.

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Wednesday’s drawing will be the 38th since then and will have an estimated cash value of $367.9 million.

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The latest Powerball jackpot has become the 10th largest ever, with an estimated prize of $750 million and a cash value of $338.6 million.

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