Simple Definition of book value
finance : the amount of money that something (such as a car) is officially worth based on its age, style, condition, etc.
Full Definition of book value
: the value of something as shown on bookkeeping records as distinguished from market value: a : the value of an asset equal to cost minus depreciation b : the value of a corporation's stock equal to its book value minus its liabilities
Examples of book value
I paid $4,100 for the car four years ago, but its book value is now under $500.
First Known Use of book value
Seen and Heard
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