Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “recovery period”

recovery period

noun [S]
 
 
ECONOMICS the time during which an economy improves after a difficult period: The recovery period after any major economic collapse is often accompanied by a rise in nationalism.
ACCOUNTING, FINANCE, TAX the number of years allowed for you to get back the money that was spent on an asset by paying less tax: Taxpayers must wait until the year after the end of the recovery period to fully depreciate the property.a 3-year/5-year/10-year, etc. recovery period A similar 15-year recovery period is allowed for improvements to restaurant property placed in service after October 22, 2004.the recovery period for sth The recovery period for nonresidential real estate placed in service after May 12, 1993, has been increased to 39 years.
(Definition of recovery period from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of recovery period?
Add Cambridge dictionaries to your browser to your website

Word of the Day

hello stranger

said to a person that you know but have not seen for a long time

Word of the Day

Come on – you can do it! Phrasal verbs with ‘come’.

by Liz Walter​,
November 19, 2014
As part of an occasional series on the tricky subject of phrasal verbs, this blog looks at ones formed with the verb ‘come’. If you are reading this blog, I’m sure you already know come from, as it is one of the first things you learn in class: I come from Scotland/Spain.

Read More 

silver splicer noun

November 17, 2014
informal a person who marries in later life Newly retired and now newlywed – rise of the ‘silver splicers’ Reaching pension age becomes a trigger to tie the knot as baby-boomers begin to redefine retirement

Read More