What does replacement cost mean?
Definitions for replacement cost
re·place·ment cost
This dictionary definitions page includes all the possible meanings, example usage and translations of the word replacement cost.
Princeton's WordNet
replacement costnoun
current cost of replacing a fixed asset with a new one of equal effectiveness
ChatGPT
replacement cost
Replacement cost refers to the amount of money it would cost to replace an asset at the current market price. This value considers the cost of purchasing a similar new asset and any associated costs like installation, transportation or setup charges. It is commonly used in insurance policies to determine the payout amount in case of damage or loss of the insured property.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of replacement cost in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of replacement cost in Pythagorean Numerology is: 7
Translations for replacement cost
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"replacement cost." Definitions.net. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.definitions.net/definition/replacement+cost>.
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