nonforfeiture
noun [ U ] law specialized (also non-forfeiture) uk/ˌnɒnˈfɔː.fɪ.tʃər/ us/ˌnɑːnˈfɔːr.fə.tʃɚ/
(权利、财产等)未丧失,未被没收
the fact of not losing rights, property, or money
There are nonforfeiture provisions in the policy.
Taking a cash lump sum is one nonforfeiture option for policy holders. 对保单持有人来说,一次性领取现金是一项不能被剥夺的选择。
- More examples
- The non-forfeiture values may increase or decrease based on the market value formula specified in the agreement.
- There is a nonforfeiture option under which insurance is purchased with the remaining cash value of a whole life policy.
- All states have nonforfeiture laws that the nonforfeiture values are stated in a schedule of the policy.