Primary internal terminology and context source across 105 chapters.
HOK-DIA-TERM-179 · Buying, value and markets
Insurance replacement value
An estimate of the cost to replace an item under the insurer's and market's conditions; it is not the same as cash resale value.
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TERM USAGE
How this term is used on the platform
- Discouraged
- resale value as a synonym
- Editorial note
- The type of value must be stated explicitly.
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