cash value


noun Insurance.

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. 2019

Examples from the Web for cash value

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

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

    The Meaning of Truth|William James