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TeachMeFinance.com - explain Replacement Cost Value (RCV) Replacement Cost Value (RCV) The term 'Replacement Cost Value (RCV)' as it applies to the area of flooding can be defined as 'The cost to replace property with the same kind of material and construction without deduction for depreciation'. Previous 5 Terms: REP Repayment contract repeating decimal repeating pattern Repetitive DNA Next 5 Terms: Replacement energy source for primary heating Replacement vehicle Report Report Card Report State About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.