replacement cost

Definition of "replacement cost"
  1. The amount it would cost to substitute a property with an identical one or one of equal quality or performance
How to use "replacement cost" in a sentence
  1. The insurance company calculated the replacement cost of the damaged car before providing the claim.
  2. The replacement cost of the antique vase was far more than its original purchase price due to its rarity.
  3. The flood completely destroyed the house, so the family had to consider the replacement cost for rebuilding it.

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