What is the meaning of cash surrender value (CSV)?

cash surrender value (CSV) is the amount of cash that can be obtained by the policy owner upon cancellation of a whole life insurance policy. CSV may also be borrowed by the policy owner. Only certain kinds of life insurance policies have cash surrender values.

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APABarry Goldsmith. (2010). cash surrender value (CSV). Retrieved September 23, 2026, from http://smartdefine.org/cash_surrender_value_(csv)/definitions/1149602
ChicagoBarry Goldsmith. 2010. "cash surrender value (CSV)" http://smartdefine.org/cash_surrender_value_(csv)/definitions/1149602 (accessed September 23, 2026).
HarvardBarry Goldsmith 2010, cash surrender value (CSV), Smart Define, viewed 23 September, 2026, <http://smartdefine.org/cash_surrender_value_(csv)/definitions/1149602>.
MLABarry Goldsmith. "cash surrender value (CSV)" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/cash_surrender_value_(csv)/definitions/1149602>