What is RECOVERY PERIOD?

1. Economics: The period during which an economy begins to pull out of the trough after a recession.
2. Accounting: The designated period for the depreciation of a firm’s assets.

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Related Legal Terms
ACCELERATED COST RECOVERY SYSTEM (ACRS), CLOSE PERIOD, TIME PERIOD CONCEPT, AMERICAN RECOVERY AND REINVESTMENT ACT, LIFE INCOME WITH PERIOD CERTAIN ANNUITY, PERIOD COST, AVERAGE COLLECTION PERIOD, PERIOD OF RESTORATION, VALUE RECOVERY PROVISION, ACCOUNTING PERIOD


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