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book value

noun

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

  1. :  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.



1899

First Known Use of book value

1899

Rhymes with book value


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