Agreed Value

Business, Legal & Accounting Glossary

Definition: Agreed Value


Quick Summary of Agreed Value


Concerning vehicle insurance, The Agreed Value is the amount your insurer agrees to pay you in the event your vehicle is written off in a crash.



What is the dictionary definition of Agreed Value?

Dictionary Definition


Concerning vehicle insurance, the agreed value is the amount the policyholder and the insurance company decide will be paid in the event of an accident that results in the total loss of an insured vehicle.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/agreed-value/
Modern Language Association (MLA):
Agreed Value. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. December 03, 2020 https://payrollheaven.com/define/agreed-value/.
Chicago Manual of Style (CMS):
Agreed Value. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/agreed-value/ (accessed: December 03, 2020).
American Psychological Association (APA):
Agreed Value. PayrollHeaven.com. Retrieved December 03, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/agreed-value/

Definition Sources


Definitions for Agreed 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: 12th December, 2019 | 1 Views.