What is CASH SURRENDER VALUE? Definition of CASH SURRENDER VALUE in Black's Law Dictionary – Legal dictionary – Glossary of legal terms.
The "cash surrender value" of a life policy is the reserve less a surrender charge. Guggenheim v. Rasquin, U.S. N.Y., 312 U.S. 254, 61 S.Ct. 507, 508, 85 L.Ed. 813.
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That's the definition of CASH SURRENDER VALUE in Black's Law Dictionary – Legal dictionary – Glossary of legal terms. Courtesy of Cekhukum.com.