Actual Cash Value

Pronunciation: /ˈæk.tʃu.əl kæʃ ˈvæl.juː/

Definitions of actual cash value

noun a word that refers to a person, place, thing, event, substance, or quality

Example Sentences

A1 The actual cash value of the car was determined by the insurance company.

A2 When my phone was stolen, I received the actual cash value as compensation.

B1 It is important to understand how insurance companies calculate the actual cash value of your belongings.

B2 The actual cash value of the house was lower than expected due to depreciation.

C1 Before purchasing insurance, it is recommended to review the policy's coverage for actual cash value.

C2 In case of a total loss, the insurance company will pay the actual cash value of the item, minus any deductible.

adjective a word that describes or modifies a noun

Example Sentences

A1 The insurance company will pay out the actual cash value of the stolen items.

A2 When selling a used car, it's important to know its actual cash value.

B1 The appraisal report provided an estimate of the actual cash value of the property.

B2 In case of a total loss, the insurance company will reimburse you for the actual cash value of your vehicle.

C1 The actual cash value of the antique vase was determined by a team of experts.

C2 The actual cash value of the artwork was significantly higher than initially estimated.

Examples of actual cash value in a Sentence

formal The insurance company calculated the actual cash value of the damaged property.

informal They figured out how much the stuff was really worth.

slang They determined the cold hard cash value of the items.

figurative The actual cash value of the situation was much lower than expected.

Grammatical Forms of actual cash value

• plural: actual cash values
• comparative: more actual cash value
• superlative: most actual cash value
• present tense: is actual cash value
• future tense: will be actual cash value
• perfect tense: has been actual cash value
• continuous tense: is being actual cash value
• singular: actual cash value
• positive degree: very actual cash value
• infinitive: to be actual cash value
• gerund: being actual cash value
• participle: actual cash value

Origin and Evolution of actual cash value

First Known Use: 1868 year

Language of Origin: English

Story behind the word: The term 'actual cash value' originated in the insurance industry to refer to the value of an asset based on its current market worth.

Evolution of the word: Originally used in insurance policies to determine the amount of reimbursement in case of loss or damage, the term has since become widely used in various financial and legal contexts to describe the true monetary value of an asset at a given point in time.