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boot,n.1.Tax. Supplemental money or property subject to tax in an otherwise tax-free exchange. [Cases: Internal Revenue  3679. C.J.S. Internal Revenue §§ 406–407.] 2.Corporations. In a corporate reorganization, anything received other than the stock or securities of a controlled corporation. 3.Commercial law. Cash or other consideration used to balance an otherwise unequal exchange. 4.Hist. ESTOVERS(1).[Blacks Law…

boon day.(usu. pl.) Hist. One of several days in the year when copyhold tenants were obliged to perform base services for the lord (such as reaping corn) without pay. — Also termed due day. — Sometimes (erroneously) termed bind day.[Blacks Law 8th]

boon,n. Hist. Unpaid services, rendered in kind or labor, without being fixed in amount or time, that some tenants owed to the landowner as a condition of tenancy.[Blacks Law 8th]

boomage. 1. A fee charged by a company for collecting and distributing logs that have accumulated in its boom (i.e., a line of sawed logs collected and stored on a stream’s surface). [Cases: Logs and Logging  14.] 2. A right to enter on riparian lands to fasten booms. 3. An anchorage fee charged by a…

book-value stock.See STOCK [Blacks Law 8th]

book value.The value at which an asset is carried on a balance sheet. Cf. BOOK EQUITY . adjusted book value.Inventory value adjusted to reflect the inventory’s current actual value.[Blacks Law 8th]

Books of Sederunt.Scots law. The records of the Court of Session.[Blacks Law 8th]

.Scots law. The records of the High Court of Justiciary.[Blacks Law 8th]

books of account.See SHOP BOOKS.[Blacks Law 8th]

book of original entry.A day-to-day record in which a business’s transactions are first recorded[Blacks Law 8th]