reproduction value
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 267 U.S. 359 - Ohio Utilities Co. v. Public Utilities Commission · 1925Most cited · 129 citing opinions
Reproduction value, however, is not a matter of outlay, but of estimate, and should include a reasonable allowance for organization and other overhead charges that necessarily would be incurred in reproducing the utility.