net book value
noun [ S or U ]
ACCOUNTING ukus( abbreviation NBV)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.