Al surrenders his life insurance policy for its cash value. the total of premiums paid into the policy minus total dividends received in cash or used to offset premiums is referred to as the:________

Respuesta :

the policy minus total dividends received in cash or used to offset premiums is referred to as the cost basics

What is cash?

Cash is money in the tangible form of currency, such as banknotes and coins, in economics. Cash is a current asset in bookkeeping and financial accounting that consists of currency or currency equivalents that may be obtained immediately or nearly immediately.

Cash is legal tender (money or coins) that can be used to exchange products, debt, or services. It may also contain the worth of assets that can be easily converted into cash quickly, as disclosed by a corporation.

Cash is money in the form of cash, which includes all banknotes, coins, and currency notes. A demand deposit is a type of account in which monies can be withdrawn at any moment without notifying the institution. Checking and savings accounts are two examples of demand deposit accounts.

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