- collection of payment on an obligation previously written off as a loss. Because the loan already was charged against the reserve account for bad debts, recoveries may be credited against the loan loss reserve or allocated to undivided profits. Recoveries may result from payment by the borrower or liquidation of collateral. See also workoutagreement.
- improvement in the business cycle, as after a recession.
- gain in securities prices after a market decline.
- gain in the value of a currency against other world currencies.
Economics: period in a business cycle when economic activity picks up and the Gross Domestic Product (GDP) grows, leading into the expansion phase of the cycle.
Finance: (1) absorption of cost through the allocation of depreciation; (2) collection of an accounts receivable that had been written off as a bad debt; (3) residual cost, or salvage value, of a fixed asset after all allowable depreciation.
Investment: period of rising prices in a securities or commodities market after a period of falling prices.
Economics: period in a business cycle when economic activity picks up and the Gross National Product grows, leading into the expansion phase of the cycle.
Finance: (1) absorption of cost through the allocation of depreciation; (2) collection of an accounts receivable that had been written off as a bad debt; (3) residual cost, or salvage value, of a fixed asset after all allowable depreciation.
Investment: period of rising prices in a securities or commodities market after a period of falling prices.
damaged insured property in receipt by the insurance company resulting from abandonment and salvage, subrogation, and reinsurance.
