the nonforfeiture value of a life-insurance policy payable to the insured in cash upon its surrender.
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💵 - Banknote with Dollar Sign Emoji - Emoji by Dictionary.comRead more in this article about some frequently asked questions and fun facts related to our definitions.
- cash on delivery,
- cash on the barrelhead,
- cash ratio,
- cash register,
- cash up,
- cash, johnny,
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