Book
A banker or trader's positions. |
Similar financial terms
Booking FeeAnother term to describe a fee which is payable upfront to either source or reserve funds for a mortgage. Usually applicable for fixed or capped rate mortgages.
Book value per share
The intrinsic value of a company's stock. BVPS is calculated by dividing tangible capital dollar value by the number of outstanding shares of common stock.
Cook the book
A term describing accounting practices that misrepresent the true financial status of a company to achieve a desired result, such as showing higher profits or more consistent reports from one period to another. The practice involves the posting of transactions before or after their true periods, creative accounting procedures, and other practices not acceptable under standard of accounting and auditing practice.
Unmatched book
If the average maturity of a bank's liabilities is less than that of its assets, it is said to be running an unmatched book. The term is commonly used with the Euromarket. Term also refers to the condition when a firm enters into OTC derivatives contracts and chooses to hedge that risk by not making trades in the opposite direction to another financial intermediary. In this case, the firm with an unmatched book hedges its net market risk with futures and options, usually.
Tax books
Set of books kept by a firm's management for the IRS that follows IRS rules. The stockholder's books follow Financial Accounting Standards Board rules.
Stockholder's books
Set of books kept by firm management for its annual report that follows Financial Accounting Standards Board rules. The tax books follow IRS tax rules.
Market-to-Book
Compares a stock's market value to the value of total assets less total liabilities (book value). Determined by dividing current stock price by common stockholder equity per share (book value), adjusted for stock splits. Also called Price/book ratio
Net book value
The current book value of an asset or liability; that is, its original book value net of any accounting adjustments such as depreciation.
Matched book
A bank runs a matched book when the distribution of maturities of its assets and liabilities are equal.
Limit order book
A record of unexecuted limit orders that is maintained by the specialist. These orders are treated equally with other orders in terms of priority of execution.
Book cash
A firm's cash balance as reported in its financial statements. Also called ledger cash.
Book profit
The cumulative book income plus any gain or loss on disposition of the assets on termination of the SAT.
Book runner
The managing underwriter for a new issue. The book runner maintains the book of securities sold.
Book value
A company's book value is its total assets minus intangible assets and liabilities, such as debt. A company's book value might be more or less than its market value.
Book-entry securities
The Treasury and federal agencies are moving to a book-entry system in which securities are not represented by engraved pieces of paper but are maintained in computerized records at the Fed in the names of member banks, which in turn keep records of the securities they own as well as those they are holding for customers. In the case of other securities where a book-entry has developed, engraved securities do exist somewhere in quite a few cases. These securities do not move from holder to ho ...
Off-the-books
Cash or barter. Business done without records as a means to avoid taxation.
