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English definition of “net book value”

net book value

noun [S or U]
 
 
( abbreviation NBV) ACCOUNTING
the value of an asset calculated by subtracting depreciation (= reduction in its value) from its cost: The company said the net book value of assets at the date of completion is approximately €800m.
the value of a company, calculated by subtracting depreciation (= reduction in its value) from the difference between the value of its total assets and total debt: The company has an estimated net book value of about 88 million.
(Definition of net book value from the Cambridge Business English Dictionary © Cambridge University Press)
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