cash value option

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.]
专业法律词汇 词条贡献者
资深译员Jenny,毕业于欧洲顶尖的高级翻译学院,擅长翻译涉及体育和运动场馆领域的法律文件。
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