Search Result for "cash surrender value":
Wordnet 3.0

NOUN (1)

1. the amount that the insurance company will pay on a given life insurance policy if the policy is cancelled prior to the death of the insured; 



WordNet (r) 3.0 (2006):

cash surrender value
    n 1: the amount that the insurance company will pay on a given
         life insurance policy if the policy is cancelled prior to
         the death of the insured