replacement cost
Noun
Meaning
current cost of replacing a fixed asset with a new one of equal effectiveness
Source: WordNetHypernyms
Examples
The rate of investment – the speed at which investors wish to increase the capital stock – should be related, if to anything, to q, the value of capital relative to its replacement cost.
That figure is based on replacement cost of that home, not the market value, as our coverage provides for the replacement of the home in the event of a total loss.
The Sparks had “purchased a policy from Old Republic Home Protection (ORHP) which included coverage for the repair or replacement cost of the home air conditioning system during the stated policy term.”
It behooves anyone who thinks their property is worth well over that, even if it probably is, to check and see if the hypothetical replacement cost actually is under the threshold.
Time of replacement cost estimation: On policies with an effective date before Jan.
The suit argues that rising sea levels will require replacement of the sewer system and other infrastructure “with a total replacement cost of $32 billion to $38 billion.”