Difference between revisions of "Actual Cash Value"
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[[FAR 31 - Cost Principles]] | [[FAR 31 - Cost Principles]] | ||
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[[Category: Definitions]] | [[Category: Definitions]] |
Latest revision as of 12:09, 26 September 2013
Definition
“Actual cash value” means the cost of replacing damaged property with other property of like kind and quality in the physical condition of the property immediately before the damage.