Meaning Of The Word Surrender value

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Surrender value Meaning

Surrender value Definition
Surrender value Definition

What's The Definition Of Surrender value?

surrender value
countable noun: The surrender value of a life insurance policy is the amount of money you receive if you decide that you no longer wish to continue with the policy.

surrender value in British English
noun
noun: the value of a life policy after the voluntary discontinuation of the policy by its holder

surrender value in Insurance
noun: The surrender value of a life insurance policy is the amount of money you receive if you decide that you no longer wish to continue with the policy.

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