MLchartDataset catalogue

Historical cost

Term · Insurance and risk management · MLC-T-INS-001728

The original monetary value of an asset when it was first acquired or constructed, as recorded in accounting records. This value is not adjusted for inflation, depreciation, or changes in market value over time. In insurance, historical cost may be considered when determining the insurable value of certain assets, though actual cash value or replacement cost are more common.

Table 1. Record
IdentifierMLC-T-INS-001728
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001728",
  "term": "Historical cost",
  "field": "Insurance and risk management",
  "definition": "The original monetary value of an asset when it was first acquired or constructed, as recorded in accounting records. This value is not adjusted for inflation, depreciation, or changes in market value over time. In insurance, historical cost may be considered when determining the insurable value of certain assets, though actual cash value or replacement cost are more common.",
  "url": "https://mlchart.com/terminology/insurance/historical-cost/"
}

Record 1,640 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.