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

from the word go

from the start of something

Word of the Day

Countability – grammar codes

by Dom Glennon​​,
November 26, 2014
Advices and informations Have you ever noticed strange codes in square brackets on entries in Cambridge Dictionaries Online and wondered what they mean? These are grammar codes, giving you a brief summary of how that word behaves grammatically. More information can be obtained by hovering your cursor over the code, and there’s

Read More 

ped-text verb

November 24, 2014
to text someone while walking I’m ped-texting, I’m looking down at my phone, 75 percent of the time.

Read More