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.]

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词条贡献者

译员Bernardine，毕业于英国顶尖的高级翻译学院，专注翻译各种与医疗保健及生命科学有关的法律文件。