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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资深译员Chris,毕业于一所培养高级翻译以及跨文化事务专家的精英大学,专注翻译各种与卫星及航天技术诉讼有关的法律文件。
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