recovery

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Recovery

The use of depreciation of assets to offset costs; or a new period of rising securities prices after a period of declining security values.

Recovery

1. Rising stock prices or GDP growth following a recession or period of declining growth. See also: Business cycle.

2. The use of depreciation or other deductions or tax credits to receive a refund for what one pays in taxes in a given year. Recovery must sometimes (though not always) be reported as taxable income for the next year.

recovery

1. The rising price of an asset. For example, following an extended decline in the price of precious metals, investor expectations of future inflation may generate recoveries in gold and silver prices.
2. Increased economic activity during a business cycle, resulting in growth in the gross domestic product.

recovery

see BUSINESS CYCLE.

recovery

a phase of the BUSINESS CYCLE characterized by an upturn in the level of economic activity (ACTUAL GROSS NATIONAL PRODUCT). Real output and investment increase and UNEMPLOYMENT falls. A recovery in economic activity is usually dependent on there being an increase in AGGREGATE DEMAND, which may come about autonomously or be induced by expansionary FISCAL POLICY and MONETARY POLICY. See also DEMAND MANAGEMENT.

Recovery

The amount of a deduction or creditable expense paid in a previous year that is later refunded to the taxpayer. The recovered amount must usually be included in income in the year it is received, to the extent of the previous tax benefit.
References in classic literature ?
I told him briefly, and added that we expected he would recover consciousness after the operation, for a short time, at all events.
You can't recover insurance if you're broke for obstruction.
Frayser resumed before he had time to give her the true reading of the dream--"places where one recovers from rheumatism and neuralgia?
He is still a young man, and if he recovers completely, as seems likely, he will be able to make a place for himself again.
Society recovers only a tenth part of the property then.
The housekeeper comes in with strong salts, and Tom soon recovers enough to sit up.
On his so subsiding in his chair, his nephew gently and assiduously tends him while he quite recovers.
You must not think of waiting till Miss Halcombe recovers before you receive Lady Glyde.
But he immediately recovers himself, and cries (still to the horses),
As plainly as she sees on her arm the old father, unimproved, Pleasant sees that everybody there will cut him when he recovers consciousness.
Even then it will recover, and you will go on being a murderer, making for yourself day by day a murderer's face, without the satisfaction of having really murdered.
He was sure to recover, the doctor said, but in the meantime, and for weeks to come, he must not walk nor move his arm, nor so much as speak when he could help it.