cash value

noun

, Insurance.

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

Word History and Origins

Origin of cash value¹

First recorded in 1895–1900

Example Sentences

From the pension scheme, the government is entitled to half the surplus cash in return for guaranteeing its cash value, under an agreement signed 30 years ago.

From BBC

Other MPs are among recipients of the highest total cash value of ticket donations:

From BBC

Even if excitement for the stock deflates, his company might still retain billions in cash value.

From Salon

Although customers will be reimbursed the cash value of their cryptocurrency assets at the time of FTX’s collapse plus some interest, that’s far short of how much money those assets would be worth today given crypto’s resurgence.

From Los Angeles Times

The jackpot had a cash value of $621 million before taxes if the winner chose to take a lump sum rather than an annuity paid over 30 years, with an immediate payout followed by 29 annual installments.

From Seattle Times