ACTUAL CASH VALUE Definition

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ACTUAL CASH VALUE (ACV) is the common method of determining the amount of reimbursement for a loss. Normally calculated by determining what it will cost to replace an item at the time of loss after subtracting depreciation.

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PRIME BROKERS are providers of back-office administration and stock lending for hedge funds.

SECONDARY MARKET is buyers and sellers willing to trade securities after their initial issuance.

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