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surrender value

noun

, Insurance.


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Word History and Origins

Origin of surrender value1

First recorded in 1875–80
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Example Sentences

Renewable term-insurance premiums are lower than straight life insurance because in the former there is no cash surrender value.

Even if you wanted to surrender it, the cash surrender value is less than ten thousand at the present time.

That the surrender value of a lapsed policy was payable at any time after default, on application being made for the same.

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