actual cash value
Insurance. 1. Replacement cost minus normal depreciation. [Cases: Insurance 2181. C.J.S. Insurance §§ 1085, 1105.] 2. See fair market value.
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actual cash value
actual cash value 实际现金价值 指一项财产在公平市场上正常交易过程中可以以之出售的公平、合理的价格。在保险单的估价条款中常使用「实际现金价值」一词。其通常的意义是指新的重置价值减去正常的折旧费，它亦可由类似财产的市场价值或重置、修理该财产所需的费用来决定。 (=fair market value)
fair market value
The price that a seller is willing to accept and a buyer is willing to pay on the open market and in an arm’s-length transaction; the point at which supply and demand intersect. — Abbr. FMV. — Also termed actual value; actual cash value; actual market value; cash value; clear market value; fair and reasonable
discount
discount, n. 1. A reduction from the full amount or value of something, esp. a price. 2. An advance deduction of interest when a person lends money on a note, bill of exchange, or other commercial paper, resulting in its present value. See PRESENT VALUE. 3. The amount by which a security’s market value is