Original Cost Less Depreciation

Definition of "Original cost less depreciation"

Melissa Evans real estate agent
Melissa Evans, Real Estate Agent Coldwell Banker Platinum Partners

Actual price paid for property when acquired, minus depreciation. Original cost less depreciation is used to compute actual cash value, which is often the insurable interest in a property.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Insurance Terms

Popular Insurance Questions