actual cash value
noun
: money equal to the cost of replacing lost, stolen, or damaged property after depreciation
Examples of actual cash value in a Sentence
Recent Examples on the Web
There are three types of boat insurance: actual cash value insurance, agreed value insurance and total replacement value insurance.
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Cnbc Select, CNBC, 16 July 2024
Know if your roof coverage is for actual cash value (ACV) or replacement cost value (RCV).
—Jan Ellen Spiegel, Hartford Courant, 25 May 2024
The company sees that actual cash value coverage is becoming more commonplace, especially for roofs that are more than 10 years old.
—Jennifer Castenson, Forbes, 16 Feb. 2024
The actual cash value is the amount your car is worth, taking into consideration its age, condition, and mileage.
—Steven Glass, Car and Driver, 9 June 2023
See all Example Sentences for actual cash value 
Cnbc Select, CNBC, 16 July 2024
Know if your roof coverage is for actual cash value (ACV) or replacement cost value (RCV).
—Jan Ellen Spiegel, Hartford Courant, 25 May 2024
The company sees that actual cash value coverage is becoming more commonplace, especially for roofs that are more than 10 years old.
—Jennifer Castenson, Forbes, 16 Feb. 2024
The actual cash value is the amount your car is worth, taking into consideration its age, condition, and mileage.
—Steven Glass, Car and Driver, 9 June 2023
See all Example Sentences for actual cash value
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'actual cash value.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Dictionary Entries Near actual cash value
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“Actual cash value.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/actual%20cash%20value. Accessed 26 Jul. 2024.
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