Book Cost


Definition of "Book cost"

Expenditures incurred to initially purchase property, including incidental costs necessary to put the property into existing use and location. This cost is then depreciated over the assets life.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Fiscal Year

A 12-month period used by a real estate company or partnership to account for and report business op ...

Joint And Several Liability

Legal obligation under which a party may be liable for the payment of the total judgment and costs t ...

Deductible, Corridor

Same as term Corridor Deductible: type of major medical deductible amount that acts as a corridor be ...

Coinsurance Penalty

Reduction in the amount that the insured receives from the insurer, after having incurred a property ...

Executory

Unfulfilled action where something remains to be done in order to complete it. ...

Party

Individual or entity who enters into a contract or other legal proceeding, such as a lawsuit. ...

Related Real Estate FAQ

What Is A Good Faith Estimate?

A Good Faith Estimate is when a lender must give a prospective homebuyer a written estimate of closi ...

What Is Commission?

The fee an agent earns for the sale of a home-usually a percentage of the selling price. ...

What Is Equity?

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If s ...

What If They No Longer Make My Specific Computer?

The insurance company will replace it with a model as close to it as possible in the current retail ...

What Is A Mortgage Banker?

A mortgage banker is a company that originates mortgages and sells them to a secondary market. ...

What Is A Basic Policy?

A basic policy is a homeowners insurance policy that covers certain perils. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What is the Best Time of Year to Buy a Home? 10 Tips for Homebuyers How To Sell Your Home How To Get A Loan with Bad Credit What do Real Estate Attorneys do?

FAQ

Should I Pay Extra Each Month? What is a term? What type of a home is a condominium? How much Life Insurance do I need? What does Fannie Mae mean?