Market Value Vs. Actual Cash Value
Barron's Business Dictionary:
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Market Value Vs. Actual Cash Value
Value of property as established by the price a willing buyer would pay for property purchased from a willing seller, compared with the replacement cost of damaged or destroyed property minus depreciation and obsolescence.
| Market Value Clause, Market Timing, Market System | |
| Marketability, Marketability Study, Marketable Securities |
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Market Value Vs. Actual Cash Value
Barron's Insurance Dictionary:
Top
Market Value V. Actual Cash Value
Value of property as established by the price a willing buyer would pay for property purchased from a willing seller, compared with the replacement cost of damaged or destroyed property minus depreciation and obsolescence.
Usually, replacement cost basis is used in property insurance to indemnify an insured for damaged or destroyed property.
See also market value clause.
Usually, replacement cost basis is used in property insurance to indemnify an insured for damaged or destroyed property.
See also market value clause.
| Market Value Clause, Market Value Adjustment (MVA), Market Value | |
| Marketing, Mass Merchandising, Mass Underwriting |
