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 periodicals archive ?
His drive almost decapitated a spectator, a wimpish recovery shot with a wedge when he could have gone for the green followed, then a pathetic approach that no selfrespecting 15-handicapper would have owned up - it added up to a guaranteed bogey.
The recovery shot went long into the rough, and a duffed chip left him still short and set up another bogey.
Confidence in an export led recovery shot up to 49%, the highest it has been since April.
McIlroy had an adventurous day, playing one brilliant recovery shot from the water's edge, and holding his nerve in the tricky conditions to put himself in contention to challenge for his first major title.
Langer only had one dodgy moment yesterday, when he put his drive at the par three 13th right up against a steep bunker face -but he still played a stunning recovery shot to eventually make par.
From the least promising of the two lies, Formby's Neil Fraser conjured up a remarkable recovery shot to five feet.
Padraig Harrington and the gallery watch his recovery shot from the rough at the first hole.
Correct procedure: When preparing to hit a recovery shot from a sand bunker, make sure to keep the club elevated.
Vijay Singh climbs out of the shrubbery after as fine recovery shot on the fourth hole
I just hoped to put my recovery shot on the green and get a five but with Lee there I did not believe I could recover,'' said the Vale of Glamorgan golfer.
But a wonderful recovery shot, threaded through a six foot gap, set him up for a wonderful escape and a par.
Out-of-bounds is down the entire right side of the hole, and anything over the green will run down a steep slope that makes for a very difficult recovery shot.