Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “replacement cost”

replacement cost

noun [C]
 
 
( also cost of replacement)
INSURANCE, FINANCE the amount of money it costs to replace something that is damaged, lost, stolen, etc. with something new: The estimated replacement cost is $800,000. In times of inflation the replacement cost of an asset may be much greater than its original cost.
(Definition of replacement cost from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of replacement cost?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “replacement cost”

Word of the Day

beer mat

a small piece of cardboard that you put under a glass to protect a table surface in a pub or bar

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More