cash surrender value
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. ¡ª Abbr. CSV. ¡ª Also termed surrender value. [Cases: Insurance 1957, 2037. C.J.S. Insurance ¡ì¡ì 518¨C519, 742¨C745, 749¨C754.] What is the legal translation of cash surrender value in […]
cash surrender value Read More »