surrender charge

an amount retained by the insurer when a policy is cancelled, typically assessed only during the first five to ten years of a policy

In other languages:

• spejjeż minħabba ċessjoni [MT] - ammont miżmum mill-assiguratur meta polza tkun ikkanċellata u li hu tipikament ikkalkulat biss tul l-ewwel ħames sa għaxar snin ta' polza (IG)
• spese per la cessione [IT]