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.
Cash surrender value represents the dollar sum a life insurance policy accumulates over time. This amount can be accessed by the policyholder in a variety of ways before the policy matures. Also known as policyholderâs equity, cash surrender value can be seen as a savings source thatâs tax-free or at least tax-deferred until the money is accessed by the policyholder.