“for old”

The following 3 entries include the term for old.

deduction new for old

noun

: a subtraction made by a marine underwriter from the total cost of repairs in paying a claim under a hull-insurance policy to allow for the gain in excess of loss to the shipowner resulting from the new material installed during repairing

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for old times' sake

idiom

: in order to experience again something one did in the past

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money for old rope

noun phrase

: money that is easily earned or gotten : easy money

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