Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “replacement value”

replacement value

noun [C]
 
 
INSURANCE, FINANCE the amount of money that it would cost to replace something that is damaged, lost, stolen, etc. with something new: The report estimated the replacement value of the tunnels at $50.5 million. Keep in mind that replacement value is not the same as market value.
→  Compare market value
(Definition of replacement value from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of replacement value?
Add Cambridge dictionaries to your browser to your website

Word of the Day

hyphen

the symbol -, used to join two words together, or to show that a word has been divided into two parts at the end of one line and the beginning of the next

Word of the Day

Lies, lies, lies!

by Kate Woodford,
February 25, 2015
​​​ According to sociologists (=people who study the relationships between people living in groups), we are good at lying. As a species, we have developed a remarkable ability to deceive each other (= persuade each other that something false is true). Being able to say things that are not true can help with

Read More 

snapchat verb

March 02, 2015
to send someone a message using the photomessaging application Snapchat We used to have a thing until he got a girlfriend. now

Read More