Book Value


Definition of "Book value"

Net worth of property as shown on the balance sheet. It equals gross cost less accumulated depreciation. Because book value is based on historical cost it differs from market value.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Land

Real estate held for productive use or investment. Land is recorded at the acquisition price plus ...

Good Student Discount

Reduction in automobile insurance rate for a student with a good academic record. Some statistical s ...

Moving Insurance (for A Moving Company)

Inland marine policy to cover liability for goods that belong to clients while in a mover's possessi ...

Anticipatory Breach

Terminating a contract prior to the time when actual performance is to occur. ...

Accountants Report

Same as term: statement of opinion : ...

Case

Legal action between a plaintiff and defendant. ...

Related Real Estate FAQ

What Is Cooperative?

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the ...

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 Do I Need To Know About Indemnity Insurance?

A principle of insurance which provides that when a loss occurs, the insured should be restored to t ...

What Is An Agent?

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a ho ...

How Can I Protect My Home Office?

Commercial insurance is designed to help protect many of the risks your business can face, includin ...

What Is A Mortgagee?

A morgagee is the lender. ...

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 do Real Estate Attorneys do? What Must I Disclose When Selling My Home? Should you Buy a Home with Cash? Why Use a Real Estate Agent? Mortgage Loan Types

FAQ

What is a loan-to-value (LTD) ratio? What is underwriting? What is an index? What is a buydown? What is a rate lock?