Insurance. The amount of money payable when an insurance policy having cash value, such as a whole-life policy, is redeemed before maturity or death. — Abbr. CSV. — Also termed surrender value. [Cases: Insurance 1957, 2037. C.J.S. Insurance §§ 518–519, 742–745, 749–754.]
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fair cash market value 公平市价；合理市价(=fair market value)
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cash order 现金票据；现金订货单 一种即期票据，票据持有人凭票据可直接从零售商处得到货物，而由票据出票人即期向零售商支付货款，持有人则以分期付款方式向出票人付清该款项。
The right of a life-insurance policyholder to surrender the policy for its cash value at a specified time or at any time. [Cases: Insurance 1950, 2037. C.J.S. Insurance §§ 518–519, 742–745, 749–754.]
cash-equivalent doctrine. Tax. The doctrine requiring income to be reported even if it is not cash, as when the taxpayer barters to receive in-kind payments. [Cases: Internal Revenue 3116, 3714.]
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A tender offer in which the bidder offers to pay cash for the target’s shares, as opposed to offering other corporate shares in exchange. • Most tender offers involve cash. [Cases: Securities Regulation 52.30–52.50. C.J.S. Securities Regulation §§ 121–122, 127–128, 131–138, 140–141.]
cash-expenditure method. Tax. A technique used by the IRS to reconstruct a taxpayer’s unreported income by comparing the amount spent on goods and services during a given period with the income reported for that period. • If the expenditures exceed the reported revenue, the IRS treats the difference as taxable income. [Cases: Internal Revenue 4530.
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