Thermodynamic descriptions of the ternary Fe-B-Cu system and its binary sub-system B-Cu aredeveloped in the context of a new Fe-B-X (X = Cr, Cu, Mn, Mo, Ni, Si, Ti, V, C) database. The thermodynamic parameters of the other binary sub-systems (Fe-B and Fe-Cu) are taken from earlier assessments. Experimental thermodynamic and phase equilibrium data available in the literature have been used for the optimization of the Fe-B-Cu and B-Cu systems’ thermodynamic parameters. The solution phases are described using a substitutional solution model and the compounds (two borides of the Fe-B system) are treated as stoichiometric phases. A good agreement was obtained between the calculated and the experimental thermodynamic and phase equilibrium data.