- depreciation insurance
- noun
: insurance that is added to a fire insurance policy by endorsement and that covers the difference between the actual cash value and the replacement cost of the insured property
Useful english dictionary. 2012.
depreciation insurance
Look at other dictionaries:
insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… … Universalium
depreciation — The amount by which a fixed asset s accounting or book value is periodically reduced to reflect the fact that the economic value of the asset is steadily reduced by a combination of wear and tear from use, age, and/or obsolescence. The offsetting … Financial and business terms
Depreciation — A non cash expense that provides a source of free cash flow. Amount allocated during the period to amortize the cost of acquiring Long term assets over the useful life of the assets. The New York Times Financial Glossary * * * US… … Financial and business terms
fire insurance — insurance covering any loss or damage caused by fire. [1790 1800] * * * provision against losses caused by fire, lightning, and the removal of property from premises endangered by fire. The insurer agrees, for a fee, to reimburse the… … Universalium
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guaranteed replacement cost coverage insurance — A policy that covers the full cost of replacing damaged property without any allowances or deductions, e.g., depreciation. Bloomberg Financial Dictionary … Financial and business terms
