replacement cost

noun

Legal Definition of replacement cost

: the cost of replacing property with property of like kind and equal quality or effectiveness

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Dictionary Entries Near replacement cost

replacement

replacement cost

replevin

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Cite this Entry

“Replacement cost.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/replacement%20cost. Accessed 27 Jan. 2022.

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