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replacement cost

 

Definitions from WordNet

Noun replacement cost has 1 sense
  1. replacement cost - current cost of replacing a fixed asset with a new one of equal effectiveness
    --1 is a kind of
    cost

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

replacable replace replace replaceability replaceable replaced replacement-level replacement replacement cost replacements replacer replaces replacing replanish replant replanteado replanting

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