Cash Surrender Option

Cash Surrender Option,

What is The Meaning of Cash Surrender Option?

  • Maturity option, which specifies that the policyholder may cancel the coverage and receive the full redemption amount in one payment.

Literal Meanings of Cash Surrender Option

Cash:

Meanings of Cash:
  1. Money in the form of coins or notes compared to checks, money orders or credits.

  2. Play (high card) for a chance to win the trick.

Synonyms of Cash

money, ready cash, ready money, currency, legal tender, hard cash, exchange, change, convert into cash, convert into money, turn into cash, turn into money, encash, realize, liquidate

Surrender:

Meanings of Surrender:
  1. Stop fighting enemies or opponents and be subject to their authority.

Sentences of Surrender
  1. The final stage of surrender came when the hungry Lakota gang surrendered at military posts in Upper Missouri and Yellowstone.

Synonyms of Surrender

capitulate, give in, give up, give oneself up, yield, concede, submit, climb down, give way, defer, acquiesce, back down, cave in, relent, succumb, quit, crumble, capitulation, submission, yielding, giving in, succumbing, acquiescence, laying down of arms, quitting

Option:

Meanings of Option:
  1. Aggressive game where the ball carrier has the option to run, pass, pass or play late.

Sentences of Option
  1. Choose the cheapest option for power supply

  2. Your second script has been selected while reading

Synonyms of Option

choice, alternative, recourse, possibility, course of action