Cash surrender value
Cash surrender value is an amount payable to the owner of a cash-value life insurance policy if he or she decides the insurance is no longer wanted. Calculated separately from the legal reserve.
Category: Banking & Finance
Previous: ← Cash refund annuity
Next: Casualty insurance →
More from this Section
- Organization for Economic Cooperation and Development (OECD)
The Organization for Economic Cooperation and Development (OECD) facilitates governance ... - Restrictive covenants
Restrictive covenants is the provisions that restrict and specify certain activities that ... - Transaction
Transaction is action in a bank account. Could be a deposit, withdrawal, debit card payment, ... - Self-insurance fund
Self-insurance fund is a special fund of cash and marketable securities that will be used ... - Ability to pay
Ability to pay refers to the borrower's ability to make interest and principal payments ...