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

Guarantee Cost Nonparticipating Life Insurance

Policy whose premiums, cash value, and face amount are guaranteed (all values are fixed and do not f ...

Automatic Proportional Reinsurance

Form of coverage in which an insurer automatically reinsures individual risks with its reinsurer. Th ...

Assurance

Giving of a promise or guarantee to the receiver to instill confidence. ...

Axial Growth

Land expansion resembling a star. The starts center is the city, and major thoroughfares going away ...

Equity Mortgage

Financing of a home based on how much equity the homeowner has in it. The interest rate is typically ...

Sales Deposit Receipt

Receipt given for a partial payment made on the sale of property. It shows the buyer has made a down ...

Related Real Estate FAQ

What Is A Term?

A term is the length of a loan. ...

What Is A Lease Purchase Mortgage?

A lease purchase mortgage is a financing option that allows potential homebuyers to lease a property ...

What Do I Need To Know About Term Life Insurance?

Provides financial protection for a limited, specified period of time, at a lower cost than permanen ...

What Is A Buyer's Agent?

On most transactions, there is usually a listing agent and a selling agent. The selling agent is som ...

What Is Cooperative?

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

What Is Homeowners Association (HOA)?

Homeowners association is a nonprofit association that manages the common areas of a condominium or ...

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

Should you Buy a Home with Cash? How to become a real estate agent Short Sale Homes How To Choose A Realtor Why Use a Real Estate Agent?

FAQ

What is a FHA mortgage? What is a proration? What if the computer I want to insure is homemade or custom-built? What is Disability Insurance? What is escrow?