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Simple English definitions for legal terms

cash value

Read a random definition: Mineral Rights

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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MrThickRopes
15:28
Uhh
MrThickRopes
15:28
Yeah
MrThickRopes
15:28
Put dat beat on
MrThickRopes
20:27
I said PUT DA BEAT ON
20:31
mustard on da beat ho
22:14
im a slut for horse butt, #8 makes me feel great, horween makes my whore scream
22:20
catch me with this when I make partner
22:22
😍
22:24
Worth it
MrThickRopes
22:24
Uhhh
MrThickRopes
22:24
Yeaaah
MrThickRopes
22:25
Wake up in the morning gotta take a shit hop up in my lambo gotta take a shit headin to da club and i gotta take a shit poppin da champagne but i ruined it with shit
22:27
Woke up in the morning gotta thank god i dunno but today seems kinda odd no barking from the dog no smog mama cooked a breakfast with no hog i got my grub on but didn’t pig out finally got a call from a girl i wanna dig out
MrThickRopes
22:42
Wake up in the morning and i take a shit take off my pants cause they caked in shit go to da club and I’m finna get lit light up the blunt but it’s soaked in shit thrown on da curb because i took a shiiit
2:37
I fear you guys are not nearly locked-in enough
Why $0 at Harvard just to do litigation? Are you actually going to do your original plan post grad? @UncleIroh
12:48
U better be locked in as fuck to go to Harvard at sticker $600k debt is so nasty
dude is loaded if he’s getting 0 in aid from GMA
*hls fucking autocorrect
MrThickRopes
15:02
Bbbbbruhhhhhhh i jus realize
MrThickRopes
15:03
Getting into da law skool was da easy part
MrThickRopes
15:03
Now i gotta PASS da law skool?
MrThickRopes
15:03
🥀 🥀 🥀
MUSTAAAAAAAAAAAAAAARD
@UncleIroh: is that what u told zuko
what’s the name of kataras older brother i forget
18:07
Sokka deez nuts
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