replacement value Meaning in the Cambridge English Dictionary

Meaning of “replacement value” in the English Dictionary

"replacement value" in Business English

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replacement valuenoun [C]

uk   us  
INSURANCE, FINANCE the ​amount of ​money that it would ​cost to ​replace something that is ​damaged, ​lost, ​stolen, etc. with something new: The ​reportestimated the ​replacementvalue of the tunnels at $50.5 million. Keep in mind that ​replacementvalue is not the same as ​marketvalue.
(Definition of replacement value from the Cambridge Business English Dictionary © Cambridge University Press)
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“replacement value” in Business English

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