- surrender charge
- A charge imposed by a life insurance company in determining cash-surrender value, or the amount of paid-up, or extended insurance. 29 Am J Rev ed Ins § 626.
Ballentine's law dictionary. Anderson, W.S.. 1998.
surrender charge
Look at other dictionaries:
surrender charge — ➔ charge1 … Financial and business terms
Surrender Charge — A fee levied on a life insurance policyholder upon cancellation of his or her life insurance policy. The fee is used to cover the costs of keeping the insurance policy on the insurance provider s books. Also known as a surrender fee . If the… … Investment dictionary
surrender charge — /sə rendə tʃɑ:dʒ/, surrender fee /sə rendə fi:/ noun a charge levied when someone withdraws money invested before the date allowed (this is to deter early withdrawals) … Dictionary of banking and finance
surrender charge — noun : a forfeit or penalty generally charged by a life insurance company against the value of a policy surrendered or allowed to lapse … Useful english dictionary
surrender penalty — ➔ penalty * * * surrender penalty UK US noun [C] (also surrender charge) ► INSURANCE a charge made by an insurance company for ending an insurance policy early, before its original end date: »The company will levy a surrender penalty, which is 3% … Financial and business terms
Surrender Fee — A charge levied against an investor for the early withdrawal of funds from an insurance or annuity contract, or for the cancellation of the agreement. Surrender fees act as an economic incentive for investors to maintain their contract, and they… … Investment dictionary
Surrender Period — The amount of time an investor must wait until he or she can withdraw funds from an annuity without facing a penalty. Withdrawing money before the agreed upon holding period can result in a surrender charge. Generally, but not always, the longer… … Investment dictionary
Surrender Dorothy (Law & Order episode) — Surrender Dorothy is the 224th episode of NBC s legal drama Law Order, and the 19th episode of tenth season.PlotWhen a woman is found dead in the trunk of a car, detectives Ed Green and Lenny Briscoe follow a series of street art tags to a… … Wikipedia
charge — The document evidencing mortgage security required by Crown Law (law derived from English law). A Fixed Charge refers to a defined set of assets and is usually registered. A Floating Charge refers to other assets which change from time to time (… … Financial and business terms
surrender value — The sum of money given by an insurance company to the insured on a life policy that is cancelled before it has run its full term. The amount is calculated approximately by deducting from the total value of the premiums paid any costs,… … Accounting dictionary
