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Finance Dictionary and Glossary of Investment Terms
Cash Surrender Value
Definition 1.
The value of the funds to be returned to an insurance policy or annuity holder in the event that their policy is terminated before its maturity or the insured event.
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Definition 2.
The amount available in cash upon cancellation of an insurance policy, usually a whole life policy, before it becomes payable upon death or maturity. also called cash value or surrender value.
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