actual cash value: the amount of money it would take to replace or repair damaged or lost property, with an amount deducted for depreciation
ACV in American English
hovercraft
Word origin
a(ir-)c(ushion) v(ehicle)
ACV in American English
abbreviation
1. Also: A.C.V
actual cash value
2.
air cushion vehicle: any of various vehicles that ride over water or terrain on a cushion of air generated by downward-thrusting fans and are pushed forward by one or more air propellers