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

pot luck

anything that is available or is found by chance, rather than something chosen, planned, or prepared

Word of the Day

Think long and hard; the language of decisions

by Liz Walter,
January 28, 2015
One of the best ways (perhaps the best way) to improve your English is to learn how words go together in phrases, idioms, or other patterns such as verb/noun or adjective/noun pairs (often called ‘collocations’). This blog looks at some useful phrases and collocations connected with the subject of decisions, something we

Read More 

micro pig noun

January 26, 2015
an extremely small pig, bred to be a pet Micro pigs have become popular pets recently, with famous owners including Victoria Beckham, Paris Hilton and Olympic diver, Tom Daley.

Read More