surrender value

surrender 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]

That he may secure some liberty he makes a surrender in trust of the whole of it. --Burke. [1913 Webster]

2. (Law) (a) The yielding of a particular estate to him who has an immediate estate in remainder or reversion. (b) The giving up of a principal into lawful custody by his bail. (c) The delivery up of fugitives from justice by one government to another, as by a foreign state. See {Extradition}. --Wharton. [1913 Webster]

3. (Insurance) The voluntary cancellation of the legal liability of the company by the insured and beneficiary for a consideration (called the

{surrender value}). [Webster 1913 Suppl.]


The Collaborative International Dictionary of English. 2000.

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Look at other dictionaries:

  • surrender value — n: cash surrender value Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. surrender value …   Law dictionary

  • surrender 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] …   English dictionary

  • surrender 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… …   Financial and business terms

  • surrender value — The sum of money given by an insurance company to the insured on a life policy that is cancelled before it has run its full term. The amount is calculated approximately by deducting from the total value of the premiums paid any costs,… …   Accounting dictionary

  • surrender value — The sum of money given by an insurance company to the insured on a life policy that is cancelled before it has run its full term. The amount is calculated approximately by deducting from the total value of the premiums paid any costs,… …   Big dictionary of business and management

  • surrender value — UK / US noun [countable] Word forms surrender value : singular surrender value plural surrender values the amount of money that you receive from a life insurance policy if you decide you want to stop the policy …   English dictionary

  • surrender value — noun : the cash value of an insurance policy that may be taken in cash or applied to the purchase of fractional paid up or extended term insurance * * * surˈrender value 7 [surrender value] noun the amount of money that you get if you end a life… …   Useful english dictionary

  • surrender value — išperkamoji suma statusas Aprobuotas sritis draudimo veikla apibrėžtis Suma, kuri apskaičiuojama aktuariniais metodais, atsižvelgiant į sumokėtų draudimo įmokų dalį, skirtą kapitalui kaupti, sutarties galiojimo metu sukauptas palūkanas, draudėjui …   Lithuanian dictionary (lietuvių žodynas)

  • surrender value — Insurance. See cash value. [1875 80] * * * …   Universalium

  • surrender value — sur render ,value noun count the amount of money you receive from a LIFE INSURANCE POLICY if you decide you want to stop the POLICY …   Usage of the words and phrases in modern English

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