What is another word for cash surrender value?
Pronunciation: [kˈaʃ səɹˈɛndə vˈaljuː] (IPA) 
Cash surrender value is the amount of money an insurance policyholder receives if they cancel or surrender their policy before the maturity date. It is also called the surrender value, cash value, policy value, or policyholder's equity. The term "policyholder's equity" refers to the value of the policyholder's ownership in the policy. It is the amount of money the policyholder would receive if the policy were to be liquidated. The "policy value" is the current value of the insurance policy, usually determined by the policy's cash value. These terms are interchangeable in the insurance industry and are commonly used in insurance policies as well as legal documents.
