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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 of cash value
1895-1900
1895-1900
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2016.
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Historical Examples
  • And this cash-value, it is needless to say, is verbatim et liberatim what our empiricist account pays in.

    The Meaning of Truth William James
  • And this cash-value, it is needless to say, is verbatim et literatim what our empiricist account pays in.

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