actual cash value

noun
Updated on: 2 Apr 2018

Definition of actual cash value

: money equal to the cost of replacing lost, stolen, or damaged property after depreciation

Recent Examples of actual cash value from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'actual cash value.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of actual cash value

1922

in the meaning defined above

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Law Dictionary

actual cash value

noun

legal Definition of actual cash value

1 : the cost of replacing or repairing damaged property less any applicable depreciation

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