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

Loss Development Factor

Element used to adjust losses to reflect the incurred but not reported claim (IBNR) under the retros ...

Hospital Liability Insurance

Form of insurance covering liability arising out of the provision or nonprovision of hospital servic ...

Revocable Living Trust

Trust in which rights to make any changes therein are retained by the grantor. At the grantor's deat ...

Kicker

An income feature added to a mortgage whereby the mortgagee earns income in addition to the mortgage ...

Subdivider

Individual or entity that divides up a large piece of owned land into smaller pieces generally for t ...

Immediate Vesting

Entitlement of an employee to benefits immediately upon entering a retirement plan. As benefits are ...

Related Real Estate FAQ

What Are Comparables Or Comps?

Recently sold properties that are similar in size, location, and amenities to the home for sale. The ...

What Is Zoning?

Zoning is the laws that establish how a property can be used and what codes must be followed when er ...

What Is Equity?

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If s ...

What Is PITI And What Does It Stand For?

PITI is the total monthly payment you make on a house-Principal, Interest, Taxes, and Insurance. ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you ...

What Is A Convertible ARM?

A convertible ARM is an adjustable- rate mortgage (ARM) that can be converted into a fixed rate mort ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

How to become a real estate agent How Does The Home Loan Underwriting Process Work? What do Real Estate Attorneys do? What is Earnest Money What Must I Disclose When Selling My Home?

FAQ

What is depreciation? What is a proration? What is a debt-to-income ratio? What is a proprietary lease? What is a REALTOR®?