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

See book value defined for English-language learners

1899

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