Definition, Meaning & Synonyms

book-of-business

noun

/bʊk əv ˈbɪz.nɪs/

Definition

A book-of-business refers to a portfolio of clients or accounts that a company or individual maintains, often used in contexts such as financial services or insurance.

Examples

A financial advisor might have a large book-of-business, making them attractive to companies seeking to hire experienced professionals.
The insurance broker built his book-of-business over many years by providing excellent customer service.

Meaning

It represents the totality of relationships and transactions that an entity manages, which can be valuable for generating revenue and securing future business.