Actual Cash Value (ACV)

Actual cash value is the amount equal to the replacement cost minus depreciation of a damaged or stolen property at the time of the loss. it is the actual value for which the property could be [...]

Utility Vehicle

A motorized vehicle intended to carry out a specific task such as hauling equipment, exclusively for off highway use.

Finance Value

A guide to the amount of loan value given to a borrower of average credit risk, on a vehicle in average condition assuming local and business conditions are normal. It is understood that the loan [...]

Condition

Price Digests uses condition terms to signify physical wear and damage to vehicles and equipment. Valuations default to a Good condition unless manually adjusted by a user. These conditions can [...]