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English definition of “recovery”

recovery

noun
 
 
/rɪˈkʌvəri/
[S or U] ECONOMICS, FINANCE a process in which a situation improves after a difficult period, or in which prices increase after falling in value: Improvement in trade has been driven by the lower cost of borrowing and the recovery of the manufacturing sector. Construction activity in Europe is now showing signs of recovery. The newly elected CEO has pledged to put the company back on the road to recovery after the corporate scandal late last year. economic/global/stock market recovery a solid/strong/slow recovery recovery plans/programs/efforts(a) recovery from sth Wall Street's recovery from a poor start helped the London market restrict its loss to 10.7 points, with the FTSE 100 index finishing at 3669.7. The recovery in equity markets partly explains the fact that the firm's shares have more than doubled.make/stage a recovery Property has staged a recovery this year.a recovery begins/continues/progresses We believe it will be some time before a recovery begins.
LAW the process of getting money from a person or company that has caused you loss or damage by order of a court of law: Most of the claimants are seeking recovery of monetary damages.
[S or U] the process of getting something back that was lost or almost destroyed: Improvement was due mainly to continued recovery of market share in the drinks sector.
[S or U] ACCOUNTING, FINANCE, TAX →  depreciation recovery
[S or U] NATURAL RESOURCES the process of getting natural resources such as oil or gas from under the ground or sea: Plans to pipe greenhouse gases off to the North Sea could be used to increase oil recovery.
→ See also bad debt recovery, disaster recovery
(Definition of recovery from the Cambridge Business English Dictionary © Cambridge University Press)
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