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
If the owner gets into an wreck and the vehicle is declared a total loss with an actual cash value of $26,000 and a $1,000 deductible, the insurance company would offer a settlement of just $25,000.
—
Jim Gorzelany, Forbes, 29 Nov. 2024
Riders and endorsements State Farm offers several riders and endorsements to customize your policy:
Replacement cost coverage: This coverage pays to repair or replace items at their market value rather than actual cash value.
—Liz Knueven, CNBC, 27 Nov. 2024
Gap insurance: Pays the difference between your car’s actual cash value and the balance of your loan or lease if the vehicle is totaled or stolen.
—Brian Sloan, CNBC, 29 Oct. 2024
Choice has higher coverage limits, but you might only be compensated for an item’s actual cash value minus depreciation.
—Liz Knueven, CNBC, 30 Sep. 2024
See all Example Sentences for actual cash value 
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Jim Gorzelany, Forbes, 29 Nov. 2024
Riders and endorsements State Farm offers several riders and endorsements to customize your policy:
Replacement cost coverage: This coverage pays to repair or replace items at their market value rather than actual cash value.
—Liz Knueven, CNBC, 27 Nov. 2024
Gap insurance: Pays the difference between your car’s actual cash value and the balance of your loan or lease if the vehicle is totaled or stolen.
—Brian Sloan, CNBC, 29 Oct. 2024
Choice has higher coverage limits, but you might only be compensated for an item’s actual cash value minus depreciation.
—Liz Knueven, CNBC, 30 Sep. 2024
See all Example Sentences for actual cash value
Dictionary Entries Near actual cash value
Cite this Entry
“Actual cash value.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/actual%20cash%20value. Accessed 15 Dec. 2024.
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