RECOVERY Definition

Bookmark and Share

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.

Learn new Accounting Terms

SEC is the Securities and Exchange Commission.

INFLATION ACCOUNTING is a system of accounting which, unlike historical cost accounting, takes into account changing prices.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.