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replacement cost

   Also found in: Dictionary/thesaurus, Acronyms, Wikipedia 0.06 sec.
Replacement cost
Cost to replace a firm's assets.
replacement cost
The current cost of replacing an asset with an equivalent asset.
replacement cost

(1) In appraisal,the cost to erect a new building substantially similar to the current one. (2) In insurance,the cost to purchase a new item substantially similar to the one damaged, destroyed,or stolen. Contrast with fair market value.



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