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 reserve means the insurance company can offer a cash value to the owner that grows over time. At any given point in time, the cash surrender value is the amount that the insurer will pay the owner if the owner cancels the policy. Answered on April 9, 2013. +5.