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.]

---

词条贡献者

资深译员Daniel，国际知名法学院法律英语专业，擅长翻译涉及工程与建设领域的法律文件。