Actual Cash Value
Defined in 4 dictionaries — Cyclopedic (1922), Bouvier (1914), Black's (1910), Black's (1891)
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
The fair and reasonable cash price for which property can be sold in the market. It is synonymous with "fair cash value." 193 111. 474.
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
The term means the sum of money the insured goods would have brought for cash, at the market price, at the time when, and place where, they were destroyed by fire. Mack v. Ins. Co., 4 Fed. 59. See Insubance.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
The fair or reasonable cash price for which the 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. Birmingham F. Ins. Co. v. Pulver, 126 111. 329, 18 N. E. 804, 9 Am. St. Rep. 598; Mack v. Lancashire Ins. Co. (C. C.) 4 Fed. 59; Morgan's L. & T. R. S. S. Co., v. Board of Reviewers, 41 La. Ann. 1166, 3 South. 507.
Defined under Actual in Black's Law Dictionary.
A Dictionary of Law
Henry Campbell Black · 1891
In insurance. The stm of money the insured gouds would have brought for cash, at the market price, at the time when and place where they were destroyed by fre. 4 Fed. Rep. 59.