AVAILS
\ɐvˈe͡ɪlz], \ɐvˈeɪlz], \ɐ_v_ˈeɪ_l_z]\
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Any amount available to the owner of an insurance policy other than the actual proceeds of the policy. Avails include dividend payments, interest, cash or surrender value (the money you'd get if you sold your policy back to the insurance company) and loan value (the amount of cash you can borrow against the policy).
By Oddity Software
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Profits, or proceeds. This word seems to have been construed only in reference to wills, and in them it means the corpus or proceeds of the estate after the payment of the debts. 1 Amer. & Eng. Enc. Law, 1039. See Allen v. De Witt, 3 N. Y. 279; McNaughton v. McNaughton, 34 N. Y. 201.
By Henry Campbell Black
Word of the day
SQ10,643
- A serotonin antagonist with limited antihistaminic, anticholinergic, and immunosuppressive activity.