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cash value

noun, Insurance.
1.
the nonforfeiture value of a life-insurance policy payable to the insured in cash upon its surrender.
Also called cash surrender value, surrender value.
Origin
1895-1900
1895-1900
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples for cash value
  • Prize is non-transferrable, non-refundable and has no cash value.
  • These horses represented over half a million dollars cash value, which was entirely wiped out in a single week.
  • To work out whether this was money well spent, the authors surveyed the public to put a cash value on each crime prevented.
  • Yet his actual liability is limited--hence the name of the arrangement--to the cash value of his initial in vestment.
  • The benefit of such a transaction is larger, it seems to me, than simply its cash value.
  • Unfortunately, the cards are often stolen prior to cancellation for the cash value of the stamps.
  • Agents often use charts to show how a policy's cash value might grow.
  • As such, it does not build up any cash value or paid-up value.
  • cash value of revocable trusts available to the applicant.
  • Those funds, plus the earnings they generate, make up the cash value of the policy.

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