IBAN is an acronym, which stands for International Bank Account Number. It is a standard way of uniquely identifying an account for the purpose of improving the efficiency and speed of cross border payments.
YES NO 6 people found this helpful. â Since they were broke they decided to look at cashing in on anythinh they could. The cash surrender value on their life insurance policy would be enough to get them through.
Cash Value It is referred to in most insurance contracts as cash surrender value or surrender value. It is the amount which a surety company gives a policy owner for cancellation of contracts and is normally associated with life insurance types of contract.