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.
Noun. 1. cash surrender value-the amount that the insurance company will pay on a given life insurance policy if the policy is cancelled prior to the death of the insured. amount, amount of money, sum, sum of money-a quantity of money; he borrowed a large sum; the amount he had in cash was insufficient. 1  Facebook.