Replacement cost insurance

Definition:

Insurance that pays out the full amount required to replace damaged property with new property, without taking into account the depreciated value of the property.

Investing Essentials


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

Term of the Day

Regulation U

Federal Reserve Board limit on how much credit a bank can allow a customer for the purchase and carrying of margin securities.

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


Create your free portfolio