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Books

• Refer to the accounting records or the Official Booksand Records of an organization, person, or financial institution. Compare to Book.

 
 Embedded terms in definition
 Financial institution
 
 Referenced Terms
 Accounting insolvency: Total liabilities exceed total assets. A firm with a negative net worth is insolvent on the Books.

 Bearer bond: Is a security which does not have the owner's name on the certificate. Interest and principal are paid to the person presenting the attached coupons to the agents for payment. This type of ownership compares to registered or book entry form.Bonds that are not registered on the Books of the issuer. Such bonds are held in physical form by the owner, who receives interest payments by physically detaching coupons from the bond certificate and delivering them to the paying agent.Bonds for which payments are made to the bearer.

 Bearer security: A security the owner of which is not registered on the Books of the issuer. A bearer security is payable to the holder.

 Book runner: The managing underwriter for a new issue. The book runner maintains the book of securities sold.Refers to the lead or managing underwriter who runs or maintains the Books for the transaction. Often, this underwriter is given total credit for the size of the deal in some metrics. Here, the total value of the deal would be credited to that underwriter as if they solely did the deal. Of course, other parties would receive their remuneration.

 Cumulative translation adjustment: Equity reserve account on parent company's Books in which translation gains and losses are accumulated.

 
 Related Terms
 Stockholder's books
Tax books

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