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
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.
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Brian Sloan, CNBC, 29 Oct. 2024
Choice has higher coverage limits, but you might only be compensated for an item’s actual cash value minus depreciation.
—Liz Knueven, CNBC, 30 Sep. 2024
Standard car insurance pays out based on the actual cash value of your vehicle, which accounts for depreciation.
—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
See all Example Sentences for actual cash value 
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Brian Sloan, CNBC, 29 Oct. 2024
Choice has higher coverage limits, but you might only be compensated for an item’s actual cash value minus depreciation.
—Liz Knueven, CNBC, 30 Sep. 2024
Standard car insurance pays out based on the actual cash value of your vehicle, which accounts for depreciation.
—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
See all Example Sentences for actual cash value
Dictionary Entries Near actual cash value
Cite this Entry
“Actual cash value.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/actual%20cash%20value. Accessed 29 Nov. 2024.
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