Dictionary

book value

noun

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
ADVERTISEMENT

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

1899

Rhymes with BOOK VALUE

Browse

Next Word in the Dictionary: book vanPrevious Word in the Dictionary: book truckAll Words Near: book value
How to use a word that (literally) drives some people nuts.
Test your vocab with our fun, fast game
Ailurophobia, and 9 other unusual fears