recoveryre·cov·er·y /rɪˈkʌvəri/ noun (plural recoveries)1[countableC, uncountableU]ECONOMICS when prices increase or the economy grows again after a difficult period of timeShare prices staged a slight recovery yesterday.
Hopes for an economic recovery evaporated.
2[uncountableU]FINANCE when you get something back, such as money that you are owedThe company said it will pursue recovery of its investment.
→ bad debt recovery3[uncountableU]ACCOUNTING when you gradually get back an amount of money that you have spent on an asset by paying less tax. This reduction in tax is allowed to make up for DEPRECIATION (=the asset’s loss of value over time)