ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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RECOVERY Definition
RECOVERY, in finance, a. absorption of cost through the allocation of depreciation; b. residual cost or salvage value of a fixed asset after all allowable depreciation; or, c. collection of an accounts receivable that had been previously been written off as a bad debt.
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SUNDRY CREDITORS refers to companies or individuals to which money is owed.
PREVENTATIVE CONTROL is a control designed to avoid an unintended event.
