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actual cash value
ac·tu·al cash val·ue (plural ac·tu·al cash val·ues)


noun 
Definition:
 
replacement cost: the replacement cost of something after deduction of depreciation that is claimable on insurance
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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