replacement value

replacement value
The amount you would have to pay, at the present time, to replace a particular item, taking into consideration the item's age and condition.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.

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  • Replacement value — The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. In the insurance industry, replacement cost or replacement cost value is …   Wikipedia

  • Replacement value — Current cost of replacing the firm s assets. The New York Times Financial Glossary * * * replacement value replacement value ➔ value1 * * * replacement value UK US noun [C] ► INSURANCE, FINANCE the amount of money that it would cost to replace… …   Financial and business terms

  • replacement value — Current cost of replacing the firm s assets. Bloomberg Financial Dictionary * * * replacement value replacement value ➔ value1 * * * replacement value UK US noun [C] ► INSURANCE, FINANCE the amount of money that it would cost to replace something …   Financial and business terms

  • replacement value — N SING The replacement value of something that you own is the amount of money it would cost you to replace it, for example if it was stolen or damaged. With conventional insurance policies it is difficult to work out accurately the replacement… …   English dictionary

  • replacement value — /rɪ pleɪsmənt ˌvælju:/ noun the value of something for insurance purposes if it were to be replaced ● The computer is insured at its replacement value …   Dictionary of banking and finance

  • value — The importance placed on something by an individual. Value is subjective and may change according to the circumstances. Something that may be valued highly at one time may be valued less at another time. The CENTER ONLINE Futures Glossary * * * ▪ …   Financial and business terms

  • replacement — noun 1 replacing one thing with another ADJECTIVE ▪ complete, full ▪ Complete replacement of the roof tiles would be very costly. ▪ partial ▪ direct ▪ …   Collocations dictionary

  • Replacement windows — “Replacement windows” usually refer to new windows that mount within the frame of the existing wood window. They are typically made without a structural frame; instead, they rely on the strength of the original window for support.Replacement… …   Wikipedia

  • Value over replacement player — In baseball, value over replacement player (or VORP) is a statistic invented by Keith Woolner that demonstrates how much a hitter contributes offensively or how much a pitcher contributes to his team in comparison to a fictitious replacement… …   Wikipedia

  • Replacement Property — Any property that is received as a replacement for property that was lost as a result of an involuntary conversion, such as theft. Replacement property can be either personal or business property and can include real estate, machinery and… …   Investment dictionary

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