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Simple English definitions for legal terms

cash value

Read a random definition: perfect right

A quick definition of cash value:

Cash value refers to the amount of money something is worth. It can be the price of goods or services in an exchange, or the net income from a property. In insurance, it can be the amount of money you get if you redeem your policy before it matures. Cash value is also known as fair market value or full cash value.

A more thorough explanation:

Definition: Cash value refers to the monetary worth or price of something, such as goods, services, or money, that can be exchanged in the market. In insurance, it refers to the amount of money payable when a policy with cash value, such as a whole-life policy, is redeemed before maturity or death.

Example: If you have a whole-life insurance policy, it may have a cash value that you can access if you surrender the policy before it matures or you die. The cash value is the amount of money you would receive if you surrendered the policy.

Explanation: The example illustrates how cash value works in insurance. If you surrender your policy, you will receive the cash value, which is the amount of money you have accumulated in the policy over time. The cash value is calculated based on the premiums you have paid, the interest earned on the policy, and any fees or charges deducted from the policy.

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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