recovery

Definition 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.

Definition 2

Banking: Collection of a loan amount from a borrower in default.

Definition 3

Disaster planning: Activities or steps that are to be implemented after a disaster to return all operations and systems to their normal status.

Definition 4

Economics: Phase in an economic cycle where employment and output begin to rise to their normal levels after a recession or slump.

Definition 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.

Definition 6

Stock market: General rise in prices of securities after a general fall.