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.
The cash surrender value of an insurance policy is not based upon its actual value, but upon its reserve valueâthe face amount of the contract discounted at a specific rate of interest according to the insured's life expectancy.