Actual Cash Value

Definition:

Cost of replacing a property with another of the same kind and in similar condition. Calculated as the replacement cost less depreciation.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Post

Particular place on the floor of an exchange where transactions in stocks listed on the exchange occur.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio