In the property and casualty insurance industry, Actual Cash Value (ACV) is a method of valuing insured property, or the value computed by that method. Actual Cash Value (ACV) is not equal to replacement cost value (RCV). ACV is computed by subtracting depreciation from replacement cost. The depreciation is usually calculated by establishing a use...
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http://en.wikipedia.org/wiki/Actual_cash_value
(from the article `insurance`) Recovery under homeowner`s forms may be on the basis of either full replacement cost or actual cash value (ACV). Under the former, the owner suffers ...
Found on
http://www.britannica.com/eb/a-z/a/15
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