Actual cash value

Actual cash value
Actual cash value is the replacement cost minus depreciation of a specific item of personal property. It's essentially the value for which the item could be sold, which is often less than what it would cost to replace it.

actual cash value
cost of replacing damaged or destroyed property with comparable new property, minus depreciation and obsolescence.

ACTUAL CASH VALUE - An insurance term, the value of a building calculated by subtracting the decrease i...
ACTUAL COST - the amount paid for an asset; not its retail value, market value or insurance value.

Actual Cash Value - an amount equal to the replacement value of damaged property minus depreciation.

Actual Cash Value
The monetary amount that a broker or dealer has invested in a used vehicle. This cash value is used for the purchase and repair of the vehicle.

ACTUAL CASH VALUE
A clause that is common in property insurance contracts that set the cost of replacing covered property with comparable new property, minus an adjustment for depreciation and obsolescence.
ACUTE CARE ...

An asset's initial book value is its actual cash value or its acquisition cost. Cash assets are recorded or "booked" at actual cash value.

The actual cash value of the property at the time of the loss was $500,000, but you only carried $300,000 of insurance. Based on the coinsurance clause, you should have had coverage of $400,000 (80% of $500,000).

The actual cash value of the convertible will not change dramatically between November and December.
The car can be sold in a warmer climate for what it is worth, or more, because of greater demand for convertibles in warmer climates.

The $550 dollar increase in cash has been explained by converting accrued amounts into actual cash value.

Since the business seller receives a balance of sale in the form of installment payments, the actual cash value includes the initial down payment plus the present value of the seller's note payments received over time.

See also: Cash value, Replacement cost, Career, Mergers, Personal finance