Functional Replacement Cost

Functional Replacement Cost,

What is The Definition of Functional Replacement Cost?

The price of another property that performs the same function with the same performance, although this is not the place for the property to be converted.

Literal Meanings of Functional Replacement Cost

Functional:

Meanings of Functional:
  1. About a particular activity, purpose or work or anything that works or works with it.

  2. Designed to be practical and useful, not attractive.

  3. Work or work

  4. Regarding the number of variables, their value depends on one or more other variables.

Sentences of Functional
  1. He assumed that the apartment would be functional and convenient

  2. The museum will be fully operational at the opening of the festival

  3. With active pointers, we can write where l money transaction is requested

Synonyms of Functional

workaday, in use, practical, usable, functioning, working, in service, serviceable, useful, utilitarian, utility, in working order, effective

Replacement:

Synonyms of Replacement

replacing, renewal

Cost:

Meanings of Cost:
  1. Payment (a sum of money) is required before the acquisition or realization of (an item or action).

Synonyms of Cost

come to, fare, fetch, price, value, estimate the cost of, hire charge, toll, evaluate, fee, levy, tariff, put a figure on, amount to, put a value on, market price, charge, be priced at, asking price, sell for