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actual cash value

Noun CEFR C1

Definitions

The value of insured property, computed by subtracting depreciation from replacement cost.

countable, uncountable

Equivalents

CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.
See all C1 English words →

See also

actual cost actual flying time actual malice actual neurosis actual occasions actual parameter

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