Meaning Of The Word New-for-old

What's the definition of New-for-old? Find New-for-old meanings, definitions and more at the Real Dictionary online.
New-for-old Meaning

New-for-old Definition |
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What's The Definition Of New-for-old?
new-for-old in British English
adjective: (of insurance) issued on the principle that claims will be based on the cost of replacing old damaged, destroyed, or lost items with brand new items |
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