cash surrender value

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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词条贡献者

双语律师Jenna，国际知名法学院环境法专业，擅长翻译各类与环境、社会及管治 (ESG)相关的法律文件。