CRV != CRV
California has uses the same acronym for two extremely similar concepts:
It would be confusing if it wasn't so inconsequential.
California Redemption Value (CRV) is a deposit paid on purchases of certain recyclable beverage containers in California. The consumer pays CRV on the purchase of beverages with aluminum, plastic, glass, and bimetal containers and can be reimbursed if the containers are brought to a recycling center.
California Redemption Value is easily confused with California Refund Value, which is the amount recycling centers pay to consumers in exchange for empty bottles and cans. This discrepancy is usually unimportant because the redemption (or deposit) value is usually the same as the refund value, although they are different at times. The acronym "CRV" is often used to denote either.
It would be confusing if it wasn't so inconsequential.
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