actual value
What it's really
Actual value is the real or true amount something is worth, as opposed to estimated, nominal, or book value.
In insurance, actual value typically means what property would sell for on the open market, accounting for depreciation: The policy covers actual value, not replacement cost.
In accounting and appraisal, it distinguishes measured amounts from projections or assumptions.
- market priceCurrent exchange value
- going ratePrevailing cost for something
- appraisalEstimation of worth
- assessmentFormal evaluation of worth
- genuineTruly what it claims
true worth · dollar amount · authentic · tangible · measured · precise · exact · net worth · depreciation · appreciation · estimate · underlying · substance · reality · concrete · verifiable · benchmark · baseline
actual valuenominal value
Designated amount on paper
face value · par value · book value · declared value · sticker price
actual, actually, actuality, actualize, actualization, action, active, actively, activate