what does acv stand for in insurance terms?
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Actual cash value (ACV) is the amount equal to the replacement cost minus depreciation of a damaged or stolen property at the time of the loss.
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noun. life insurance in which a policyholder ceases to pay the premiums but keeps the full amount of the policy in force for whatever term the cash value permits.
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ACV (annual contract value) is a metric that typically represents the average annual contract value of a customer subscription. It is used by SaaS businesses that have a primary focus on annual or multi-year subscription plans.
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Summary. ACV pills are generally safe for healthy people to use. They are not a replacement for medications to lower blood pressure or cholesterol. However, they may complement prescription medications and increase the effects of a healthful diet.
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ART stands for antiretroviral treatment. It is also called combination therapy or HIV treatment. What are ARVs? HIV drugs are called antiretrovirals (ARVs) because HIV is a type of virus called a retrovirus.
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IDV is the 'sum insured' in the car policy. It is the amount your car is insured for and forms the basis of all settlements in the event the car is stolen or damaged beyond repair in an accident. ... Therefore, when you get your car insured for the first time or at the time of renewal, IDV plays an important role.
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Triple AAA car insurance is offered by the Automobile Association of America, also known as Triple A and AAA. ... AAA basically offers 3 types of auto insurance: coverage for others and their property, coverage for you and your passengers, and coverage for your assets.
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Accounts receivable insurance – sometimes called A/R insurance or trade credit insurance – provides companies with protection against customers that fail to pay what they owe. ... As a result, there is a greater chance that a business will experience a loss within its accounts receivable than any other asset.
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The actual cash value, also referred to as the ACV, is equivalent to the trade-in values listed on these web-based tools. You can also get the actual cash value of your vehicle by visiting a local dealership and asking for an appraisal from the used car manager.
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Fiduciary liability insurance, also known as management liability insurance, is intended to protect businesses and employers against claims resulting from a breach in fiduciary duty. Essentially, the policy protects parties against liability for managing or administering employee benefits plans.
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Aciclovir (ACV), also known as acyclovir, is an antiviral medication. It is primarily used for the treatment of herpes simplex virus infections, chickenpox, and shingles. Other uses include prevention of cytomegalovirus infections following transplant and severe complications of Epstein-Barr virus infection.
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2C: This code means the employee enrolled in the coverage offered and regardless of whether or not the coverage offered complied with the ACA. An employer should use this code if there is a choice between 2C and another code and either could be used in good faith.
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The CVV for Visa, Mastercard and Discover credit cards is a three-digit number on the back of your card, to the right of the signature box. American Express uses a four-digit code, which they call the card identification number (CID).
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FCA stands for Fellow Chartered Accountants which one becomes after holding COP (Certificate of Practice) for more than 5 years. Whereas, ACA stands for Associate Chartered Accountant who holds COP for less than 5 years.
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Every insurance company will use its own formula for calculating the salvage value of a vehicle. It is generally based on the costs of disposing of the vehicle and past auction values for salvaged vehicles. This amount is subtracted from the ACV to determine how much you are paid.
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Abbreviation: ' ACV ' Category: Cardiac Cardio And Heart. Meaning: Acute Cardiovascular [disease]; Acyclovir; Assisted Controlled Ventilation; Atrial/carotid/ventricular; Autonomic Conduction Velocity.
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Accredited in Business Valuation (ABV) is a professional designation awarded to a CPA who specializes in calculating the value of businesses.