English version

surrender value

From Longman Business Dictionary
Related topics: Insurance
surrender valuesurˈrender ˌvalue [countable, uncountable]INSURANCE the value of an insurance policy when it MATUREs (=becomes due for payment), or when you stop it before it maturesIf the holder drops the policy before death, the person gets to walk away with some of the accumulated savings, the policy’s surrender value. value
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