Related Words

Matched Book: A bank runs a matched book when the of maturities of its assets and liabilities is distribution equal.

Overbooking: The practice of selling more airline seats than are available on a specific flight, to make up for no-shows. Usually backfires on the carrier and at times can create much consumer ill-will. . . . View Full Definition

Original Book Of Entry: A book which contains the details of the day to day transactions of a business (see Journal ).

Opening The Books: Every time a business closes the books for a year, it opens a new set. The new set of books will be empty, therefore the balances from the last balance sheet must be copied into them (via jo . . . View Full Definition

Pass Book: A book of recorded transactions in a savings account, issued by banks and building societies in which a customer's deposits, withdrawals and interest are entered. The book is retained by the . . . View Full Definition

Pass The Book: The process of transferring responsibility for a brokerage firm's trading account from one office to another around the world in order to benefit from trading 24 hours a day.

Price-Book Ratio: 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 valu . . . View Full Definition

Play By The Book: To play in accord with the conventional wisdom of the game.

Open-Book Management: A management strategy emphasizing employee empowerment by making the organization’s financial data available to all employees. The goal of this type of management program is to make employee . . . View Full Definition

Notebook Computer: A very small computer, approximately the size of a notebook used for writing. The term is often used interchangeably with 'laptop', but is technically the much smaller version.