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Glossary   >   S   >   "Surrender" Definition            Surrender Where you cancel an investment or policy and usually receive a reduced payout, due to the impact of charges. The encashment of a life policy, for example an endowment assurance policy, by the assured, prior to its maturity. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Surrender \ Where you cancel an investment or policy and usually receive a reduced payout, due to the impact of charges.

The encashment of a life policy, for example an endowment assurance policy, by the assured, prior to its maturity.