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cash value

American  

noun

Insurance.
  1. the nonforfeiture value of a life-insurance policy payable to the insured in cash upon its surrender.


Etymology

Origin of cash value

First recorded in 1895–1900

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

If the winning ticket isn’t claimed by the May 13 cutoff, the cash value of $19.7 million will be transferred to California public schools, according to a California Lottery news release.

From Los Angeles Times

That fund managed $760 million as of March 31, according to a regulatory filing here, but the cash value post liquidation was unclear.

From Reuters

"In what other non-profit educational endeavor is it acceptable to treat young women as a less valuable financial commodity? At what individual university would it be acceptable to give women inferior text books and cheaper cafeteria food because of their perceived cash value?"

From Fox News

The new Powerball jackpot has a cash value of $15 million.

From Washington Times

After the Powerball win, the new jackpot has a $15 million cash value.

From Seattle Times