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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.