Cash Surrender Value


Definition of "Cash surrender value"

Money the policyowner is entitled to receive from the insurance company upon surrendering a life insurance policy with cash value. The sum is the cash value stated in the money the policyowner is entitled to receive from the insurance company upon surrendering a life insurance policy with cash value. The sum is the cash value stated in the policy minus a surrender charge and any outstanding loans and interest thereon.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Torrens System

Means of land title registration used in some states that in effect, provides a government sponsored ...

Prepayment Fee

Charge assessed on the remaining principal, often contained in mortgages, when an obligation is paid ...

Rent Controls

Governmental policy establishing the maximum amount of rent landlords can charge tenants. A tenant ...

Divestiture

(1) Surrendering voluntarily or involuntarily ownership of property or an interest therein. (2) Cou ...

Store Decisis

Legal practice followed in the American and English judicial systems of following the precedents of ...

Percolation Test

Determines the ability of soil to absorb and draw down water. A percolation test is essential to det ...

Related Real Estate FAQ

What Is A Lifetime Rate Cap?

A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest ra ...

What Is A Deed?

A deed is a legal document that conveys the title to a property. ...

What Is Accession?

The right of a property owner to have and enjoy all of the advantages of property ownership includin ...

What Is A Mortgagor?

A mortgagor is the borrower. ...

What Are Jumbo Mortgages?

Jumbo mortgages are mortgages larger than the limits set by Fannie Mae and Freddie Mac. A jumbo mort ...

How Can I Figure Out My Debt-to-income Ratio?

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Why Use a Real Estate Agent? How To Sell Your Home How is Square Footage Determined? What do Real Estate Attorneys do? 5 signs of house foundation problems

FAQ

What is a treasury index? What is an APR and what does it include? What do I need to know about Renters Insurance, and what does it cover? What is a negative amortization? What is a proprietary lease?