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Actual Cash Value
(redirected from ACV)

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Wikipedia 0.01 sec.
Actual Cash Value
Cost of replacing a property with another of the same kind and in similar condition. Calculated as the replacement cost less depreciation.

Actual Cash Value
In insurance, the cost to the insurance company to replace a good covered by a policy. The actual cash value is the original cost of the good, less depreciation and obsolescence. In order to receive coverage for a good's actual market value, that good must be listed specifically in the insurance policy. The actual cash value is related to a good's market value.


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Thus, Gap insurance covers the difference between the ACV and the balance amount of the loan.
After application of the policy deductible, the difference between the net ACV payment and the replacement cost loss is due and payable to the insured when repair or replacement is actually made, in accordance with the terms and conditions of the polity.
ACV contains a perfect balance of 19 vital minerals such as calcium, phosphorus, magnesium, sulfur, potassium, chlorine, sodium, iron, fluorine and silicon to name a few.
 
 
 
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