Situated just north of the Equator, the geographical position of Barbados, and the islandâs tropical climate, mean that weather in Barbados is warm and sunny the year. The island of Barbados is situated in the North Atlantic Ocean, north of the coast of Venezuela and northeast of Trinidad and Tobago.
replace(verb) substitute a person or thing for (another that is broken or inefficient or lost or no longer working or yielding what is expected) He replaced the old razor blade; We need to replace the secretary that left a month ago; the insurance will replace the lost income; This antique vase can never be replaced.
Replacement Cost â A property insurance term that refers to one of the two primary valuation methods. for establishing the value of insured property for purposes of determining the amount the insurer will. pay in the event of loss. (The other primary valuation method is actual cash value (ACV).) It is usually. defined in the policy as the cost to replace the damaged property with materials of like kind and quality, without any deduction for depreciation.