recovery period
noun[S]
ukusECONOMICS
thetimeduring which aneconomyimprovesafter adifficultperiod:
Therecoveryperiodafter anymajoreconomiccollapseis oftenaccompaniedby ariseinnationalism.
ACCOUNTING,FINANCE,TAX
thenumberofyearsallowedfor you to get back themoneythat wasspenton anassetbypayinglesstax:
Taxpayers mustwaituntil theyearafter the end of therecoveryperiodtofullydepreciatetheproperty.
a 3-year/5-year/10-year, etc. recovery periodAsimilar15-yearrecoveryperiodisallowedforimprovementstorestaurantpropertyplacedinserviceafterOctober22, 2004.
the recovery period for sthTherecoveryperiodfor nonresidentialrealestateplacedinserviceafter May 12, 1993, has beenincreasedto 39years.