Dictionary.com
Thesaurus.com

nonforfeiture value

American  
[non-fawr-fi-cher] / nɒnˈfɔr fɪ tʃər /

noun

Insurance.

  1. any benefit, as cash or other form of insurance, available to a life-insurance policyholder who discontinues premium payments on the policy.

Etymology

Origin of nonforfeiture value

non- + forfeiture

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.

Vocabulary.com logo
by dictionary.com

Look it up. Learn it forever.

Remember "nonforfeiture value" for good with VocabTrainer. Expand your vocabulary effortlessly with personalized learning tools that adapt to your goals.

Take me to Vocabulary.com