Actual Cash Value

Business, Legal & Accounting Glossary

Definition: Actual Cash Value




Full Definition of Actual Cash Value


The fair or reasonable cash price for which a property could be sold in the market in the ordinary course of business, and not at forced sale. The price it will bring in a fair market after reasonable efforts to find a purchaser who will give the highest price. What property is worth in money, allowing for depreciation. Ordinarily, actual cash value, fair market value, and market value are synonymous terms.


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https://payrollheaven.com/define/actual-cash-value/
Modern Language Association (MLA):
Actual Cash Value. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. October 15, 2021 https://payrollheaven.com/define/actual-cash-value/.
Chicago Manual of Style (CMS):
Actual Cash Value. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/actual-cash-value/ (accessed: October 15, 2021).
American Psychological Association (APA):
Actual Cash Value. PayrollHeaven.com. Retrieved October 15, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/actual-cash-value/

Definition Sources


Definitions for Actual Cash Value are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 8th October, 2021 | 0 Views.