recovery 1. Accounting: (1) Absorption of a cost through its allocation to an appropriate account. (2) Collection of receivables that were written off as bad debt. 2. Banking: Collection of a loan amount from a borrower in default. 3. Disaster planning: Activities or steps that are to be implemented after a disaster to return all operations and systems to their normal status. 4. Economics: Phase in an economic cycle where employment and output begin to rise to their normal levels after a recession or slump. 5. Electronic commerce: Ability of a transaction handling system to be restored to its pre-failure state after a system failure so that the processing can resume and transactions, aborted due to the failure, can be resubmitted. 6. Stock market: General rise in prices of securities ...
Posted on: Fri, 05 Jul 2013 11:52:33 +0000