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"Actual Cash Value"

From Gregory Boop,
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Definition: Actual Cash Value is a method of determining value for a loss by taking its replacement value less depreciation. The term also refers to a type of policy that pays its clams in this fashion.

Also Known As: Abbreviation, ACV

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User Agreement \| Ethics Policy \| Patent Info. \| Privacy Policy	©2008 About, Inc., A part of The New York Times Company. All rights reserved.

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"Actual Cash Value"

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