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.
DEFINITION of 'Replacement Cost'. The cost to replace the assets of a company or a property of the same or equal value. The replacement cost asset of a company could be a building, stocks, accounts receivable or liens. This cost can change depending on changes in market value.