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.

More On This Topic



Link to This Definition
Did you find this definition of RECOVERY PERIOD helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary