surrender of value
1surrender — ▪ I. surrender sur‧ren‧der 1 [səˈrendə ǁ ər] verb 1. [transitive] INSURANCE if you surrender an insurance policy, you stop it before it mature S (= becomes due for payment) and receive only a part of what it would have been worth if you had kept… …
2surrender value — n: cash surrender value Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. surrender value …
3value — val·ue 1 / val yü/ n 1 a: a fair return or equivalent in goods, services, or money for something exchanged received good value for the price b: valuable consideration at consideration …
4surrender value — Surrender Sur*ren der, n. 1. The act of surrendering; the act of yielding, or resigning one s person, or the possession of something, into the power of another; as, the surrender of a castle to an enemy; the surrender of a right. [1913 Webster]… …
5surrender value — surrender values N COUNT The surrender value of a life insurance policy is the amount of money you receive if you decide that you no longer wish to continue with the policy. [TECHNICAL] …
6Surrender — Sur*ren der, n. 1. The act of surrendering; the act of yielding, or resigning one s person, or the possession of something, into the power of another; as, the surrender of a castle to an enemy; the surrender of a right. [1913 Webster] That he may …
7surrender — [sə ren′dər] vt. [ME surrendren < MFr surrendre < sur , up (see SUR 1) + rendre, to RENDER] 1. to give up possession of or power over; yield to another on demand or compulsion 2. to give up claim to; give over or yield, esp. voluntarily, as …
8value — The utility of an object in satisfying, directly or indirectly, the needs or desires of human beings, called by economists value in use, or its worth consisting in the power of purchasing other objects, called value in exchange. Joint Highway… …
9value — The importance placed on something by an individual. Value is subjective and may change according to the circumstances. Something that may be valued highly at one time may be valued less at another time. The CENTER ONLINE Futures Glossary * * * ▪ …
10surrender value — The cash amount received if an insurance policy is cancelled before its maturity date. * * * surrender value surrender value ➔ value1 * * * surrender value UK US noun [U] ► the value of an insurance policy if you end it before its original end… …