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ACV

   Also found in: Acronyms, Wikipedia, Hutchinson 0.07 sec.
ACV
abbr.
1. actual cash value
2. air-cushion vehicle

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The model was adjusted to give the ACV enough protection to stop a 125 mm round fired at ranges greater than 1000 m, a level of protection much higher than available on the Leopard C2.
When property insurance is structured this way, the camp assumes the risk for the difference in value between the ACV and the actual replacement cost.
In any event, he had to economize, and $1 million seemed like a nice round number for ACV insurance.
 
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