- surrender of policy
- The cancellation of an insurance policy completed upon delivery of the instrument by the insured to the insurer. 29 Am J Rev ed Ins § 400.
Ballentine's law dictionary. Anderson, W.S.. 1998.
surrender of policy
Look at other dictionaries:
surrender — ▪ I. surrender sur‧ren‧der 1 [səˈrendə ǁ ər] verb 1. [transitive] INSURANCE if you surrender an insurance policy, you stop it before it mature S (= becomes due for payment) and receive only a part of what it would have been worth if you had kept… … Financial and business terms
surrender — /sə rendə/ noun the act of giving up of an insurance policy before the contracted date for maturity ■ verb ♦ to surrender a policy to give up an insurance policy before the date on which it matures … Dictionary of banking and finance
surrender value — n: cash surrender value Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. surrender value … Law 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 — sur·ren·der 1 vt 1 a: to yield to the control or possession of another surrender the leased premises surrender collateral to a creditor b: to give up completely or agree to forgo c: to cancel (one s insurance policy) voluntarily 2: to g … Law dictionary
surrender value — surrender values N COUNT The surrender value of a life insurance policy is the amount of money you receive if you decide that you no longer wish to continue with the policy. [TECHNICAL] … English dictionary
surrender — [sə ren′dər] vt. [ME surrendren < MFr surrendre < sur , up (see SUR 1) + rendre, to RENDER] 1. to give up possession of or power over; yield to another on demand or compulsion 2. to give up claim to; give over or yield, esp. voluntarily, as … English World dictionary
surrender — ► VERB 1) stop resisting an opponent and submit to their authority. 2) give up (a person, right, or possession) on compulsion or demand. 3) (surrender to) abandon oneself entirely to (a powerful emotion or influence). 4) cancel (a life insurance… … English terms dictionary
Surrender of Japan — The surrender of Japan in August 1945 brought World War II to a close. On August 10, 1945, after the invasion of Manchuria by the Soviet Union and the atomic bombings of Hiroshima and Nagasaki, Japan s leaders at the Imperial conference (… … Wikipedia
Surrender and regrant — In the history of Ireland, surrender and regrant was the legal mechanism by which Ireland was converted from a power structure rooted in clan and kin loyalties to a semi feudal system under the nominal control of the crown of England during the… … Wikipedia
