MLchartDataset catalogue

Book value

Term · Insurance and risk management · MLC-T-INS-000592

The value of an asset as recorded on a company's balance sheet, calculated as its original cost less any accumulated depreciation. In insurance, it represents the accounting value of property, which can differ significantly from its market value or replacement cost. Insurers may use book value for certain types of coverage or loss settlement, particularly for older or specialized assets.

Table 1. Record
IdentifierMLC-T-INS-000592
FieldInsurance and risk management
SubjectBusinessowners Policy
Record as JSON 
{
  "id": "MLC-T-INS-000592",
  "term": "Book value",
  "field": "Insurance and risk management",
  "definition": "The value of an asset as recorded on a company's balance sheet, calculated as its original cost less any accumulated depreciation. In insurance, it represents the accounting value of property, which can differ significantly from its market value or replacement cost. Insurers may use book value for certain types of coverage or loss settlement, particularly for older or specialized assets.",
  "subject": "Businessowners Policy",
  "url": "https://mlchart.com/terminology/insurance/book-value/"
}

Record 364 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.