cash surrender value (CSV)

Definition

Amount the holder of a life insurance policy (that has cash value) is entitled to receive, on its surrender (cancellation) before the death of the insured or before the policy matures. This sum is based on the insurance premium paid up to the surrender date less surrender fee. Also called cash value or surrender value, it may be used as a collateral for borrowing from the insurance company or a bank.


cash surrender value (CSV) is...

... in the General, Marine, & Life Insurance and Investing subjects.

Nearby Terms

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z