What is a recovery?

Accounting: (1) Absorption of a cost through its allocation to an appropriate account. (2) ...

	Monday, February 2, 2015 recovery   Term of the Day recovery 1. Accounting: (1) absorption of a cost through its allocation to an appropriate account. (2) collection of receivables that were written off as bad debt. 2. Banking: collection of a loan amount from a borrower in default. 3. disaster planning: Activities or steps that are to be implemented after a disaster to return all operations and systems to their normal status. 4. Economics: phase in... Learn more about this term Usage Example The economic recovery began once the unemployment rate dropped and more companies began hiring again, thus pulling the nation out of a recession.   Featured Article Externship vs. Internship Many high school students, college students, and even at times experienced professionals will at some point complete an externship or an internship during their ... Read this article   Voice Your Opinion What product would be the hardest to sell door-to-door?   Take us with you! Download the BusinessDictionary app today.
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