- recovery
- Rising prices following a decline. The CENTER ONLINE Futures Glossary————The use of depreciation of assets to offset costs; or a new period of rising securities prices after a period of declining security values. Bloomberg Financial Dictionary
* * *
recovery re‧cov‧er‧y [rɪˈkʌvri] noun recoveries PLURALFORM1. [countable, uncountable] ECONOMICS when prices increase or the economy grows again after a difficult period of time:• Share prices staged a slight recovery yesterday.
• Hopes for an economic recovery evaporated.
• The company said it will pursue recovery of its investment.
ˌbad ˈdebt reˌcovery [uncountable]ACCOUNTING FINANCE payment of debts that had been considered unlikely to be paid, or forcing someone, for example in a court of law, to pay a debt they should already have paid:• Italian banks have been handicapped by the extremely slow legal process for bad debt recovery.
3. [uncountable] ACCOUNTING when you gradually get back an amount of money that you have spent on an asset by paying less tax. This reduction in tax is allowed to make up for depreciation (= the asset's loss of value over time)4. [uncountable] INSURANCE anything that an insurance company is able to get back that reduces the total amount of a loss, such as damaged property, stolen goods that are found by the police etc* * *
recovery UK US /rɪˈkʌvəri/ noun► [S or U] ECONOMICS, FINANCE a process in which a situation improves after a difficult period, or in which prices increase after falling in value: »Improvement in trade has been driven by the lower cost of borrowing and the recovery of the manufacturing sector.
»Construction activity in Europe is now showing signs of recovery.
»The newly elected CEO has pledged to put the company back on the road to recovery after the corporate scandal late last year.
»economic/global/stock market recovery
»a solid/strong/slow recovery
»recovery plans/programs/efforts
(a) recovery from sth »Wall Street's recovery from a poor start helped the London market restrict its loss to 10.7 points, with the FTSE 100 index finishing at 3669.7.
»The recovery in equity markets partly explains the fact that the firm's shares have more than doubled.
make/stage a recovery »Property has staged a recovery this year.
a recovery begins/continues/progresses »We believe it will be some time before a recovery begins.
► LAW the process of getting money from a person or company that has caused you loss or damage by order of a court of law: »Most of the claimants are seeking recovery of monetary damages.
► [S or U] the process of getting something back that was lost or almost destroyed: »Improvement was due mainly to continued recovery of market share in the drinks sector.
► [S or U] ACCOUNTING, FINANCE, TAX DEPRECIATION RECOVERY(Cf. ↑depreciation recovery)► [S or U] NATURAL RESOURCES the process of getting natural resources such as oil or gas from under the ground or sea: »Plans to pipe greenhouse gases off to the North Sea could be used to increase oil recovery.
Financial and business terms. 2012.
