Usually means: Cash value of terminated policy.
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We found 16 dictionaries that define the word surrender value:

General (9 matching dictionaries)
  1. surrender value: Longman Dictionary of Contemporary English
  2. surrender value: Oxford Learner's Dictionaries
  3. surrender value: Collins English Dictionary
  4. surrender value: Wiktionary
  5. surrender value: Dictionary.com
  6. surrender value: FreeDictionary.org
  7. surrender value: TheFreeDictionary.com

Business (7 matching dictionaries)
  1. surrender value: Merriam-Webster Legal Dictionary
  2. MoneyGlossary.com (No longer online)
  3. Everybody's Legal Dictionary (No longer online)
  4. INVESTORWORDS (No longer online)
  5. surrender value: Finance-Glossary.com
  6. Surrender Value: Financial dictionary
  7. BusinessDictionary.com (No longer online)

Definitions from Wiktionary (surrender value)

noun:  (insurance) A final payout made by a life insurer to a policyholder, on the event of the policyholder surrendering their insurance contract.

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