recovery period Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “recovery period” in the English Dictionary

"recovery period" in Business English

See all translations

recovery periodnoun [S]

uk   us  
ECONOMICS the ​time during which an ​economyimproves after a difficult ​period: The ​recoveryperiod after any ​majoreconomiccollapse is often accompanied by a ​rise in nationalism.
ACCOUNTING, FINANCE, TAX the ​number of ​yearsallowed 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 ​recoveryperiod to fully ​depreciate the ​property.a 3-year/5-year/10-year, etc. recovery period A similar 15-year ​recoveryperiod is ​allowed for ​improvements to ​restaurantpropertyplaced in ​service after October 22, 2004.the recovery period for sth The ​recoveryperiod for nonresidential ​realestateplaced 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

“recovery period” in Business English

Word of the Day


a line of people who are all walking or travelling in the same direction, especially in a formal way as part of a religious ceremony or public celebration

Word of the Day

I used to work hard/I’m used to working hard (Phrases with ‘used to’)
I used to work hard/I’m used to working hard (Phrases with ‘used to’)
by Kate Woodford,
February 10, 2016
On this blog, we like to look at words and phrases in the English language that learners often have difficulty with. Two phrases that can be confused are ‘used to do something’ and ‘be used to something/doing something’. People often use one phrase when they mean the other, or they use the wrong

Read More 

farecasting noun
farecasting noun
February 08, 2016
predicting the optimum date to buy a plane ticket, especially on a website or using an app A handful of new and updated websites and apps are trying to perfect the art of what’s known as farecasting – predicting the best date to buy a ticket.

Read More