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Meaning of "replacement cost" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF REPLACEMENT COST

replacement cost  [rɪˈpleɪsmənt kɒst] play
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GRAMMATICAL CATEGORY OF REPLACEMENT COST

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Replacement cost is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES REPLACEMENT COST MEAN IN ENGLISH?

Replacement value

The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. In the insurance industry, "replacement cost" or "replacement cost value" is one of several method of determining the value of an insured item. Replacement cost is the actual cost to replace an item or structure at its pre-loss condition. This may not be the "market value" of the item, and is typically distinguished from the "actual cash value" payment which includes a deduction for depreciation. For insurance policies for property insurance, a contractual stipulation that the lost asset must be actually repaired or replaced before the replacement cost can be paid is common. This prevents overinsurance, which contributes to arson and insurance fraud. Replacement cost policies emerged in the mid-20th century; prior to that concern about overinsurance restricted their availability. Replacement cost coverage is designed so the policyholder will not have to spend more money to get a similar new item and that the insurance company does not pay for intangibles.

Definition of replacement cost in the English dictionary

The definition of replacement cost in the dictionary is the cost it takes to replace or substitute something which is old, broken, etc.

WORDS THAT RHYME WITH REPLACEMENT COST


accost
əˈkɒst
alecost
ˈeɪlˌkɒst
compost
ˈkɒmpɒst
cost
kɒst
criss-crossed
ˈkrɪsˌkrɒst
defrost
diːˈfrɒst
embossed
ɪmˈbɒst
frost
frɒst
hoarfrost
ˈhɔːˌfrɒst
long-lost
ˈlɒŋlɒst
lost
lɒst
low-cost
ˌləʊˈkɒst
oncost
ˈɒnˌkɒst
Pentecost
ˈpɛntɪˌkɒst
permafrost
ˈpɜːməˌfrɒst
repost
rɪˈpɒst
riposte
rɪˈpɒst
teleost
ˈtɛlɪˌɒst
uncrossed
ʌnˈkrɒst
wast
wɒst

WORDS THAT BEGIN LIKE REPLACEMENT COST

replace
replaceability
replaceable
replacement
replacement engine
replacement part
replacement value
replacer
replan
replant
replantation
replaster
replate
replay
replead
repleader
repledge
replenish
replenishable
replenisher

WORDS THAT END LIKE REPLACEMENT COST

at any cost
baseline cost
capital cost
distribution cost
factor cost
opportunity cost
plant cost
prime cost
standard cost
unit cost
variable cost

Synonyms and antonyms of replacement cost in the English dictionary of synonyms

SYNONYMS

Translation of «replacement cost» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF REPLACEMENT COST

Find out the translation of replacement cost to 25 languages with our English multilingual translator.
The translations of replacement cost from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «replacement cost» in English.

Translator English - Chinese

重置成本
1,325 millions of speakers

Translator English - Spanish

costo de reposición
570 millions of speakers

English

replacement cost
510 millions of speakers

Translator English - Hindi

प्रतिस्थापन लागत
380 millions of speakers
ar

Translator English - Arabic

تكلفة الاستبدال
280 millions of speakers

Translator English - Russian

Стоимость замены
278 millions of speakers

Translator English - Portuguese

custo de reposição
270 millions of speakers

Translator English - Bengali

প্রতিস্থাপন খরচ
260 millions of speakers

Translator English - French

coût de remplacement
220 millions of speakers

Translator English - Malay

Kos penggantian
190 millions of speakers

Translator English - German

Wiederbeschaffungskosten
180 millions of speakers

Translator English - Japanese

再調達原価
130 millions of speakers

Translator English - Korean

교체 비용
85 millions of speakers

Translator English - Javanese

Biaya panggantos
85 millions of speakers
vi

Translator English - Vietnamese

chi phí thay thế
80 millions of speakers

Translator English - Tamil

மாற்று செலவு
75 millions of speakers

Translator English - Marathi

प्रतिस्थापन खर्च
75 millions of speakers

Translator English - Turkish

değiştirme ücreti
70 millions of speakers

Translator English - Italian

costo di sostituzione
65 millions of speakers

Translator English - Polish

koszt odtworzenia
50 millions of speakers

Translator English - Ukrainian

вартість заміни
40 millions of speakers

Translator English - Romanian

costul de înlocuire
30 millions of speakers
el

Translator English - Greek

κόστος αντικατάστασης
15 millions of speakers
af

Translator English - Afrikaans

vervangingswaarde
14 millions of speakers
sv

Translator English - Swedish

återanskaffningsvärdet
10 millions of speakers
no

Translator English - Norwegian

gjenanskaffelseskost
5 millions of speakers

Trends of use of replacement cost

TRENDS

TENDENCIES OF USE OF THE TERM «REPLACEMENT COST»

The term «replacement cost» is regularly used and occupies the 100.983 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
53
/100
The map shown above gives the frequency of use of the term «replacement cost» in the different countries.
Principal search tendencies and common uses of replacement cost
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «replacement cost».

FREQUENCY OF USE OF THE TERM «REPLACEMENT COST» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «replacement cost» during the past 500 years. Its implementation is based on analysing how often the term «replacement cost» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about replacement cost

EXAMPLES

10 ENGLISH BOOKS RELATING TO «REPLACEMENT COST»

Discover the use of replacement cost in the following bibliographical selection. Books relating to replacement cost and brief extracts from same to provide context of its use in English literature.
1
Financial Integration in Europe
An estimate of a future spot rate is also necessary for the calculation of the replacement cost in the case of swaps and FRAs. In this connection a majority of countries represented in the Cooke Committee prefers the current exposure method.
H. A. Benink, 1993
2
Financial Accounting: The Impact on Decision Makers
An alternative to assigning any of the historical costs incurred during the year to ending inventory and cost of goods sold is to use replacement cost to value each of these. Assume that the cost to replace a unit of inventory at the end of the year  ...
Gary Porter, Curtis Norton, 2010
3
Real Estate Appraisal
The process of the cost approach to value can be summarized by the formula: Property Value = Reproduction or Replacement Cost of Improvements - Depreciation of Improvements + Land Value This formula requires three separate steps: 1 ...
Joseph F. Schram, 2006
4
PRINCIPLES AND PRACTICE OF COST ACCOUNTING
(i) In the period of rising prices, charging of depreciation on historical cost fails to provide sufficient funds to meet replacement cost which is usually higher than the original investment. Charging depreciation on replacement cost basis reduces ...
ASISH K. BHATTACHARYYA, 2004
5
Unconventional Success: A Fundamental Approach to Personal ...
Consider the fact that, with markets in equilibrium, replacement cost for existing assets constitutes an important determinant of market value. In fact, the real estate market provides a powerful example of the efficacy of Tobin's “q,” the ratio  ...
David F. Swensen, 2005
6
Full cost accounting for municipal solid waste management a ...
Avoided Replacement Cost The avoided replacement cost is the net cost that you expect to pay for land disposal when a new landfill or landfill contract is necessary. Although avoided cost can be calculated from FCA reports for current  ...
7
Internal Revenue Cumulative Bulletin 2006-01, January-June
replacement cost. In so doing, the court found that the taxpayer's replacement cost method was not in accordance with the method elected on its Form 970, Application To Use LIFO Inventory Method. The taxpayer's Form 970 indicated that it ...
Treasury Dept., Internal Revenue Service
8
New York Real Estate for the Salesperson
Actual Cash Value or Replacement Cost Once property owners determine the approximate worth of the home and its contents, they must decide whether to purchase coverage on an actual cash value or replacement cost basis. Actual Cash ...
Marcia Darvin Spada, 2008
9
Access Pricing in Telecommunications
scope of this paper. In the next sections we will focus on the case where the relevant replacement cost is the cost of building or buying a brand new “modern equivalent asset”. (The extent to which this asset is “optimised” will be discussed  ...
‎2004
10
Access Pricing in Telecommunications
This is sometimes called the “Optimised Replacement Cost” or “ORC”. One simple way to reflect changes in the replacement cost in the regulatory asset base is to scale up the value of the asset base by the rate of inflation each period.
OECD, 2004

9 NEWS ITEMS WHICH INCLUDE THE TERM «REPLACEMENT COST»

Find out what the national and international press are talking about and how the term replacement cost is used in the context of the following news items.
1
Covington Police Memorial Wall replacement costs paid in full
... worthy causes, as Performance Lexus River Center would like the cover the entire replacement costs for the monument," Bernstein said, as quoted in the post. «WCPO, Jul 15»
2
Why this Syracuse streetlight costs $1500, year after year
The special lights cost more than $1.9 million a year. ... The full replacement cost for the concrete base is $7,069, including labor, fringe benefits and overhead, ... «Syracuse.com, Apr 15»
3
CA Voids Insurance Regulation on Replacement Cost Estimates
A Department of Insurance regulation governing the content of replacement-cost estimates for homeowner's insurance is invalid, the Court of Appeal for this ... «Metropolitan News-Enterprise, Apr 15»
4
Navy Sticks By Ohio Replacement Costs; CBO Says It's 17% Higher
WASHINGTON: The Navy rebuffed today a Congressional Budget Office estimate that the service is too optimistic about the cost of its new nuclear missile ... «Breaking Defense, Dec 14»
5
Obesity Linked to Higher Total Knee Replacement Costs And …
A new study found that obesity is linked to longer hospital stays and higher total knee replacement costs. By Samantha Goodwin | May 15, 2014 06:39 AM EDT. «Headlines & Global News, May 14»
6
Hip, knee replacement cost-variation for insured patients driven by …
The cost of new hips and knees for privately insured patients varied widely ... hospital services: replacement hips and knees; other orthopedics; cardiology; ... «ModernHealthcare.com, Feb 14»
7
What it costs to replace a twenty-something
The study does not compare and contrast replacement costs for millennials versus, say, baby boomers. It would have been more revealing if it had. It does ... «Washington Post, Aug 13»
8
Oil Replacement Costs Soar 350 Percent to $27 Per Barrel, Report …
The cost of replacing a barrel of produced crude has risen from $6 per barrel in 1998 to $27 per barrel in 2011 as exploration and production companies are ... «Environmental Leader, Oct 12»
9
Homeowners being "ripped off" by insurance companies?
That's similar to a complaint about American Integrity, insuring a home for $277,000 on a more realistic replacement cost of $158,000. Even Florida Farm Bureau ... «WTSP 10 News, Feb 12»

REFERENCE
« EDUCALINGO. Replacement cost [online]. Available <https://educalingo.com/en/dic-en/replacement-cost>. Apr 2024 ».
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