replacement cost
2
4.0
- noun
- Specialized
:
costo de reemplazo
- When filing an insurance claim, understanding your property's replacement cost is essential for adequate compensation.
- replacement cost coverage
- replacement cost value
- replacement cost policy
Examples
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Most insurance policies will cover the replacement cost, minus the deductible.
Blog text (24) -
Given the poor performance of battery technology and the automobile industry's silence on their lifetime and replacement cost, the market for pure EVs has not been stellar.
Blog text (1) -
When housing prices crashed, with prices in many places well below replacement cost, there was very little reason for new house construction.
Academic text (2016) -
The initial cost, repair, and replacement cost will hurt smaller departments.
Blog text (30) -
Your insurance may be able to pay for the expenses from a car crash, ranging from car repairs to replacement costs.
Blog text (17) -
We used the replacement cost method to estimate the value of these duties, assuming that such services would be purchased commercially when a person in the household was ill.
Academic text (2011) -
At $750 per HCE, replacing the units is economical only if the value of additional collected energy exceeds the replacement cost.
Academic text (1994) -
The replacement cost of the equipment was calculated to ensure we could buy new items of the same quality.
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She learned that the replacement cost of her damaged car would cover the expenses for a new vehicle with similar features.
How Costly
Surface Forms
Morphology
The meaning is directly and compositionally derived from 'replacement' (the act of replacing) combined with 'cost' (the monetary amount), so a B1 learner who knows both constituents can infer it denotes the amount needed to replace an item. While the full phrase has a technical accounting definition in context, the basic sense is transparent and follows common cross-linguistic patterns of noun + noun composition.
Etymology
Replacement cost comes from the simple idea of a replacement, putting a 'new' item in place of an old one, and the cost, the money you need. Think of a broken machine: the replacement cost is the money you would pay now to buy the same kind of 'new' machine, so it shows the current price to replace it.