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non•for'fei•ture val"ue



Pronunciation: (non-fôr'fi-chur), [key] Insurance.
any benefit, as cash or other form of insurance, available to a life-insurance policyholder who discontinues premium payments on the policy. Also called nonfor'feiture ben"efit.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

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