From 11:00PM PDT on Friday, July 1 until 5:00AM PDT on Saturday, July 2, the Shmoop engineering elves will be making tweaks and improvements to the site. That means Shmoop will be unavailable for use during that time. Thanks for your patience!
We have changed our privacy policy. In addition, we use cookies on our website for various purposes. By continuing on our website, you consent to our use of cookies. You can learn about our practices by reading our privacy policy.
© 2016 Shmoop University, Inc. All rights reserved.

Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Surrender Period

Definition:

See Surrender Charge and Surrender Fee.

If you have an annuity, you are expected to hold onto it for a specific period of time—usually seven years. That's the surrender period.

Withdrawing before the end of the surrender period will mean you have to pay extra fees and costs. (Is it just us, or is that the ending to every finance definition on the planet?)