What Is a Book Transfer? A book transfer is the transfer of funds from one deposit account to another at the same financial institution. An example would be when an individual moves funds from their checking account to their savings account. It can also be used to refer to the change in ownership of an
What Is Book Value? Book value is equal to the cost of carrying an asset on a company’s balance sheet, and firms calculate it netting the asset against its accumulated depreciation. As a result, book value can also be thought of as the net asset value (NAV) of a company, calculated as its total assets minus intangible
What Is Book Value Per Common Share? Book value per common share (or, simply book value per share – BVPS) is a method to calculate the per-share book value of a company based on common shareholders’ equity in the company. The book value of a company is the difference between that company’s total assets and total
What is Book Value Reduction? A book value reduction lowers the value at which an asset is carried on the books. This reduction occurs because changes in the asset or market conditions have reduced its current market value. Key Takeaways A book value reduction is the result of the decreased market value of an asset.Book
What Is Boolean Algebra? Boolean algebra is a division of mathematics that deals with operations on logical values and incorporates binary variables. Boolean algebra traces its origins to an 1854 book by mathematician George Boole. The distinguishing factor of Boolean algebra is that it deals only with the study of binary variables. Most commonly Boolean
What Is the Boom and Bust Cycle? The boom and bust cycle is a process of economic expansion and contraction that occurs repeatedly. The boom and bust cycle is a key characteristic of capitalist economies and is sometimes synonymous with the business cycle. During the boom the economy grows, jobs are plentiful and the market
What Are Boomerang Children? Boomerang children, or boomerang kids, are terms used to describe the phenomenon of an adult child returning home to live with their parents for economic reasons after a period of independent living. In 2016, 15% of millennials lived in their parents’ home, according to a Pew Research Center analysis of monthly
What Is the Booth School of Business? The University of Chicago’s Booth School of Business—often referred to colloquially as the “Booth School”—is the graduate business school of the University of Chicago. It is generally considered one of the finest graduate business schools in the world, with its Master of Business Administration (MBA) program rated as
What Is Bootstrapping? Bootstrapping describes a situation in which an entrepreneur starts a company with little capital, relying on money other than outside investments. An individual is said to be bootstrapping when they attempt to found and build a company from personal finances or the operating revenues of the new company. Bootstrapping also describes a
What Is the Balance of Payments (BOP)? The balance of payments (BOP), also known as the balance of international payments, is a statement of all transactions made between entities in one country and the rest of the world over a defined period, such as a quarter or a year. It summarizes all transactions that a country’s individuals, companies, and government
