noun a word that refers to a person, place, thing, event, substance, or quality
adjective a word that describes or modifies a noun
In real estate, actual cash value is used to determine the value of a property based on its current market value minus depreciation.
In legal contexts, actual cash value may be used in cases involving property damage or loss to determine fair compensation.
Actual cash value is a term used in insurance to refer to the value of an insured item at the time of a loss, taking into account depreciation and wear and tear.
Actual cash value is relevant in accounting when calculating the worth of assets or liabilities, taking into consideration depreciation and market fluctuations.
Actual cash value is used in the auto industry to assess the worth of a vehicle, factoring in depreciation and market conditions.
Actual cash value may be used in the insurance industry to determine the value of damaged or stolen property belonging to a writer, such as a computer or other equipment used for writing.
Actual cash value may be used in the insurance industry to determine the value of office equipment or furniture belonging to a psychologist in case of damage or theft.