book value

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

  1. I paid $4,100 for the car four years ago, but its book value is now under $500.

First Known Use of BOOK VALUE


Rhymes with BOOK VALUE


Next Word in the Dictionary: book van
Previous Word in the Dictionary: book truck
All Words Near: book value

Seen & Heard

What made you want to look up book value? Please tell us where you read or heard it (including the quote, if possible).