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Today's Terms
Actual Cash Value (ACV)
Definition:
The value of your property, based on the current cost to replace it minus depreciation.
Breakover Angle
Definition:
when a vehicle crests a hill, it's the angle at which the front tires still remain on the ground as the rear wheels continue to climb (see High Centered)
Common law
Definition:
Law which derives its authority solely from usage and customs of immemorial antiquity or from the judgments and decrees of courts. also called "case law."
More Accident Terms >
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