NONFORFEITURE VALUE


Meaning of NONFORFEITURE VALUE in English

/non fawr"fi cheuhr/ , Insurance.

any benefit, as cash or other form of insurance, available to a life-insurance policyholder who discontinues premium payments on the policy. Also called nonforfeiture benefit .

[ NON- + FORFEITURE ]

Random House Webster's Unabridged English dictionary.      Полный английский словарь Вебстер - Random House .