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What does ACV mean? |
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Answer
A method for placing value on property as of the time of its loss or damage. ACV may be determined as replacement cost, new, less depreciation. The market value of an item may be used to help determine actual cash value. Contrast with replacement cost.
First answer by DJ Craig. Last edit by DJ Craig. Contributor trust: 914 [recommend contributor]. Question popularity: 21 [recommend question]
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