actual cash value
noun
: money equal to the cost of replacing lost, stolen, or damaged property after depreciation
Examples of actual cash value in a Sentence
Recent Examples on the Web
Standard car insurance pays out based on the actual cash value of your vehicle, which accounts for depreciation.
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Liz Knueven, CNBC, 30 Sep. 2024
Option add-ons Option to replace items at replacement cost instead of actual cash value, optional identity fraud protection coverage.
—Liz Knueven, CNBC, 12 Sep. 2024
Gap insurance: Pays the difference between your car’s actual cash value and the balance of your loan or lease if the vehicle is totaled or stolen.
—Ryley Amond, CNBC, 8 Aug. 2024
There are three types of boat insurance: actual cash value insurance, agreed value insurance and total replacement value insurance.
—Cnbc Select, CNBC, 16 July 2024
See all Example Sentences for actual cash value 
Liz Knueven, CNBC, 30 Sep. 2024
Option add-ons Option to replace items at replacement cost instead of actual cash value, optional identity fraud protection coverage.
—Liz Knueven, CNBC, 12 Sep. 2024
Gap insurance: Pays the difference between your car’s actual cash value and the balance of your loan or lease if the vehicle is totaled or stolen.
—Ryley Amond, CNBC, 8 Aug. 2024
There are three types of boat insurance: actual cash value insurance, agreed value insurance and total replacement value insurance.
—Cnbc Select, CNBC, 16 July 2024
See all Example Sentences for actual cash value
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'actual cash value.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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“Actual cash value.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/actual%20cash%20value. Accessed 5 Oct. 2024.
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