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ACOR
(redirected from Actual Cost of Repair)

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AcronymDefinition
ACORAssociation of Cancer Online Resources
ACORAmerican Center of Oriental Research
ACORAdvanced Certificate in Operational Risk
ACORAssistant Contracting Officer Representative
ACORActual Cost of Repair
ACORAdministrative Contracting Officers Representative


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When the court discovered that one year's increased premium was double the actual cost of repair for the casualty, that the claim, it filed, would most likely result in cancellation of the policy (according to the insurance agent) and that the insurance was "absolutely required" in the taxpayer's business, it felt compelled to allow the deduction and help keep the business going.
* Road Home funds from the federal government intended to help fill the gap between insurance compensation and the actual cost of repair or replacement of a home were not available until April.
 
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