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

AGGREGATE is the sum or total.

X-INEFFICIENCY is the failure to minimize costs or maximize returns. (Sometimes referred to as X-efficiency, but carrying the same meaning.)

Suggest a Term

Enter Search Term

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