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 ?
What I love about this course is the lack of rough allows you a recovery shot," he added.
Taken the morning after and featuring a patent-pending blend of antioxidants, vitamins and herbs, Hangover Joe's Recovery Shot is the quickest way to overcome the day-after side effects of alcohol consumption.
I had a lot of good recovery shots because my driver was really bad.
But with the help of some classic recovery shots from the rough and some dream putts, Patterson almost did more than hang on.
He did make himself work for it, however, as he forced himself to produce a number of great recovery shots to save par and keep his magnificent round in tact.
Asked if he had learnt any lessons at Oakmont, Ogilvy said: "Learn how to hit straighter and quit practising fairway bunker shots and recovery shots because it really doesn't matter if you're good at them or not because you have no chance here.
Though he hit into seven bunkers in his final round, Woods made some typically great recovery shots.
We have paid particular attention to the introduction of tee shots that give players a number of strategic options and, through tighter bunkering and the recontouring of green surrounds, we intend to make players execute more imaginative recovery shots around the greens.
No matter how much power you generate or how smooth your swing might be you will always hit the occasional shot off line, so being able to hit recovery shots is a key factor in keeping your score intact.