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

BANK RECONCILIATION is the verification of a bank statement balance and the depositor's checkbook balance.

DISCONTINUED OPERATIONS is the sale, disposal, or planned sale in the near future of a business segment (product line or class of customer).

Suggest a Term

Enter Search Term

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