Book Value Definition

What is meant by the term “Book Value”? Book value is the equity that the owner of one share of common stock has in the net assets (assets less liabilities) or stockholders’ equity of the corporation.

Board of Directors

Define the term “Board of Directors” Board of directors is a group of individuals elected by shareholders’ charged with establishing board corporate policies and appointing senior corporate management.

Bond Indentures

What do you mean by bond indentures? Bond indentures are those written agreements that bondholders often insist upon, including restrictions as to dividends, working capital, and the issuance of additional long-term debt.

Bond Definition

What is a Bond? A bond is a written agreement between a borrower and lenders in which the borrower agrees to repay a stated sum on a future date and to make periodic interest payments at specified dates.

Betterments Definition

What is meant by the term “betterments”? The improvements to existing assets, such as the installation of a computer-controlled temperature monitoring system in a department store are called betterments.

Bank Statement Definition

What is the bank statement? Bank statement is a monthly statement which the bank prepares and mails to the depositor; the statement lists the beginning balance in the account, all deposits received, checks paid, other debits (charges) and credit (receipts), and the ending balance in the account.


What is the meaning of Business? Definition Any legal activity undertaken to earn a profit is called business. Example Manufacturing Business. Trading Business. Business of Providing Services.

Business function cost

The sum of all costs (such as variable costs and fixed costs) in a particular business function. Business functions include research and development, product design, manufacturing. marketing, distribution, and customer service is called business function cost.

Break-even time (BET)

Break-even time (BET) can be defined as Capital budgeting method that measures the time taken from the start of a project (the initial idea date) to when the cumulative the present value of the cash inflows of a project to equal the present value of the total cash outflows.


Bias occurs in statistics when a random sample fails to represent a population because of some systematic error.

Bail-out pay back time

Capital budgeting method that measures the time when the cumulative cash operating savings plus the disposal price at the end of a particular year equal the original investment is called bail-out pay back time.

Backflush costing

Standard costing system for product costing that focuses first on the output and then works backward to apply manufacturing costs to units sold and to inventories. Also called delayed costing or post-deduct costing.