replacement value

Definition

The value of an asset as determined by the estimated cost of replacing it.

Use replacement value in a sentence

I thought the replacement value was way too high and things would not go as we planned and hoped for.

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It was somewhat tricky figuring out the replacement value for the property because of its age, but a figure was named.

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According to the terms of the deal in any investment we have a replacement value that covers us through the duration of the deal.

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