specified value

基本解释

If no user specified value exists, the default value is used.
若不存在用户指定值，则将使用默认值。
Each name has two values, a default value and a user specified value.
各名称均有两个值，一个默认值和一个用户指定值。
This trace option requests that the specified value (which must be a signed integer) be treated as a system error.
该跟踪选项要求将指定的值（必须是一个有符号整数）当作一个系统错误来处理。

If the policy is more than 20 years old, it's almost certainly a whole life policy, meaning it builds up cash value and can be borrowed against. (This is what reeled in your parents.)Another popular variation was the endowment policy, which pays face value at a specified age, such as 65.
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The shared appreciation feature gives the lender the right to the first, say, 40% of the appreciation of the collateral above the value of the debt over some specified future time period (say five or 10 years).
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It exists to stop shareholders enjoying their full ownership rights by threatening, if triggered, to dilute the value of those shares in certain circumstances specified by a firm's board.
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