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Definitions from WordNet

Definitions from the Web

Replacement Cost

Definition:

Replacement cost refers to the estimated cost of replacing something with a comparable new item, typically in the context of insurance or asset valuation.

Example Sentences:

1. Noun (Insurance):

In the event of a covered loss, the insurance policy will reimburse the homeowner based on the replacement cost of the damaged property.

2. Noun (Asset Valuation):

The replacement cost of the existing machinery will determine the fair value of the company's assets.

3. Adjective (Popular):

When considering various home insurance policies, it's essential to compare the coverage limits for replacement cost versus actual cash value.

4. Adjective (Local):

The local hardware store provides replacement cost estimates for custom-built windows.

Related Products:

Insurance Policies Covering Replacement Cost

Asset Valuation Methods and Replacement Cost

Homeowners Insurance with Replacement Cost Coverage