0 a charge made by an insurance company for ending an insurance policy early, before its original end date: --
If the policy is less than 10 years old, there may be substantial surrender charges.
The company will levy a surrender penalty, which is 3% of the premiums paid for a plan that has run for six years.
NYA ORD
European
May 10, 2021
DAGENS ORD
Shimmer
surrender penalty