Meaning of “recoverable” in the English Dictionary

"recoverable" in Business English

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uk /rɪˈkʌvərəbl/ us

LAW, FINANCE relating to money that can be got back after it has been paid, spent, taken by someone, etc.:

Removal expenses might be recoverable if you have to move to a different area in order to find work.

NATURAL RESOURCES used to describe the amount of oil, coal, etc. that can be taken from a particular place:

Prudhoe holds 12 billion recoverable barrels.

(Definition of “recoverable” from the Cambridge Business English Dictionary © Cambridge University Press)