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Actual Cash Value
(redirected from ACV)

   Also found in: Dictionary/thesaurus, Financial, Acronyms, Wikipedia 0.01 sec.

The fair or reasonable cash price for which a property could be sold in the market in the ordinary course of business, and not at forced sale. The price it will bring in a fair market after reasonable efforts to find a purchaser who will give the highest price. What property is worth in money, allowing for depreciation. Ordinarily, actual cash value, fair market value, and market value are synonymous terms.



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Thus, Gap insurance covers the difference between the ACV and the balance amount of the loan.
After application of the policy deductible, the difference between the net ACV payment and the replacement cost loss is due and payable to the insured when repair or replacement is actually made, in accordance with the terms and conditions of the polity.
ACV contains a perfect balance of 19 vital minerals such as calcium, phosphorus, magnesium, sulfur, potassium, chlorine, sodium, iron, fluorine and silicon to name a few.
 
 
 
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