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Surrender value

💡 Words with a Similar Meaning to "Surrender value"

Found via reverse dictionary — words that share a conceptual meaning.

WordDefinition
cash valuenoun(insurance) Surrender value.
surrenderornoun(law) One who makes a surrender, as of an estate.
surrendereenoun(law) The person to whom a surrender is made.
surrendernounAn act of surrendering, submission into the possession of another; abandonment, resignation.
abandonmentnounThe act of abandoning, or the state of being abandoned; total desertion; relinquishment.
sum assurednoun(insurance) The amount of benefit that an insurance contract pays out to a beneficiary on the occurrence of a contingent insured event.
term assurancenoun(insurance) Life insurance that pays out a lump sum benefit on the death of the life assured within the term of the policy, and nothing on survival to the end of the term.
valued policynoun(fire insurance) A policy in which the value of the goods, property, or interest insured is specified.
solvency marginnoun(insurance, accounting) The amount of money that remains after subtracting any debts owing.
life assurancenounAn insurance policy that pays out on death (or on certain other conditions).
pure endowmentnoun(insurance) A form of life insurance paying a lump sum to the policyholder on survival to a fixed date, with no payment if the policyholder dies before that date.
retentionnounThe act of retaining or something retained.
premiumnoun(insurance) The amount to be paid for an insurance policy.
reversionnounThe action of returning to a former condition or practice.
life insurancenounA form of insurance on the life of a person, whereby if the person dies then the insurance policy pays out a sum of money to the beneficiary (such as a person's family).
releasenoun(software) The distribution, either public or private, of an initial or new and upgraded version of a computer software product.
endowment policynouna life assurance savings scheme designed to pay out a lump sum when the policy matures
total lossnoun(insurance) An insured item that is written off when it is beyond repair, or when the cost of repair exceeds the insured value.
satisfaction notenoun(insurance) A document in which the claimant confirms that the insurer-funded repairs to his/her vehicle are satisfactory.
single lifenoun(insurance) Describing a life insurance policy that insures a single individual's life.

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