Definitions for "replacement cost"
The amount it would cost to replace an asset at current prices. If the cost...
The cost of replacing an improvement with another having the same or equal utility, using current standards of material and design, and based on current prices for labor and materials.
The cost which would be incurred in making a fresh purchase of an identical article.
Keywords:  acv, carriers, vehicle, actual, cash
The estimated price to get you the same vehicle. Many carriers will only give you the Some insurance only pays the actual cash (ACV) or market value of the vehicle at the time of the loss
The amount of money it would take to exchange your vehicle with a similar one. Many carriers will only give you actual cash (ACV) or market value of the vehicle at the time of the loss
Keywords:  nij, bai, vests, match, qualifying
You will receive up to $800 for each qualifying vest returned to NIJ. No local match is required for vests purchased with BAI funds.
The amount of cash or other consideration that would be required today to obtain the same asset or its equivalent.
The price that will have to be paid to replace an existing asset with a similar asset.
Keywords:  exposure, credit, measure
A measure of credit exposure.
The amount of money required to replace a structure with another structure of comparable utility.