surrender value

noun

Meaning

A final payout made by a life insurer to a policyholder, on the event of the policyholder surrendering their insurance contract.

Etymology / origin

No prose etymology has been added yet.

No ancestor words have been linked yet.

Related words

cash value(English)surrenderor(English)surrenderee(English)surrender(English)abandonment(English)sum assured(English)term assurance(English)valued policy(English)

Descendant words

No descendant words have been linked yet.

Sources

DictionaryAPI.dev English dictionary data