词汇 | surrender-penalty |
释义 | surrender penalty noun[ C ] ukus(alsosurrender charge) INSURANCE a charge made by an insurance company for ending an insurance policy early, before its original end date: The company will levy a surrender penalty, which is 3% of the premiums paid for a plan that has run for six years. If the policy is less than 10 years old, there may be substantial surrender charges. |
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