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 ?
The day and the evening passed off with credit and honor to everybody concerned, even to Jane, who had the discretion to recover instead of growing worse and acting as a damper to the general enjoyment.
A few minutes more, and Emma hoped to see one troublesome companion deposited in his own house, to get sober and cool, and the other recover his temper and happiness when this visit of hardship were over.
But not so easily did Elinor recover from the alarm into which it had thrown her.
The doctor says she may linger a week or two yet; but he hardly thinks she will finally recover.
I hate you to be fidgeting in MY presence,' exclaimed the young lady imperiously, not allowing her guest time to speak: she had failed to recover her equanimity since the little dispute with Heathcliff.
Mary began to recover her breath and feel safer because the idea of keeping the secret seemed to please him.
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.
Even should I break one of them with my first blow, for I figured that he would attempt to ward off the cudgel, he could reach out and annihilate me with the others before I could recover for a second attack.
As the years pass on we shall gradually recover ourselves.
muttered Mazarin, unable to recover from his astonishment.
Phips went to the place in a small vessel, hoping that he should be able to recover some of the treasure from the wreck.