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Definition

Book value or account balance.

colloquialmoneywork

How it's used

Refers specifically to figures as they appear in financial records or accounting books, rather than actual cash flow or physical assets. It is frequently used to contrast the theoretical value of an investment or business performance with reality. The term carries a sense of formality despite being used in casual business discussions.

Examples

The company's accounts look very good.

Related words

Common mistake

Do not confuse this with actual cash on hand, as it only represents the value recorded in the books. It is often used to highlight that a profit or loss is only on paper and might not reflect the current market situation.

Grammar color guide

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