When a bond or other financial derivative defaults, the recovery amount is the amount that the underlying company can afford to pay. This is usually a result of a liquidation of the company's assets and generally results in a lower amount than the par value.
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recovery — re·cov·ery /ri kə və rē/ n pl er·ies 1: the act, process, or fact of recovering 2 a: the obtaining, getting back, or vindication of a right or property by judgment or decree; esp: the obtaining of damages b: an amount awarded by or collected as a … Law dictionary
Recovery boiler — is the part of Kraft process of pulping where chemicals for white liquor are recovered and reformed from black liquor. In the process lignin of the wood, bound in black liquor at this phase, is burned and heat generated. The heat is usually used… … Wikipedia
Recovery (Eminem album) — Recovery Studio album by Eminem Released June 22, 2010 (see r … Wikipedia
Recovery (metallurgy) — Recovery is a process by which deformed grains can reduce their stored energy by the removal or rearrangement of defects in their crystal structure. These defects, primarily dislocations, are introduced by plastic deformation of the material and… … Wikipedia
Recovery point objective — (RPO) describes the acceptable amount of data loss measured in time. The Recovery Point Objective (RPO) is the point in time to which you must recover data as defined by your organization. This is generally a definition of what an organization… … Wikipedia
recovery — Rising prices following a decline. The CENTER ONLINE Futures Glossary The use of depreciation of assets to offset costs; or a new period of rising securities prices after a period of declining security values. Bloomberg Financial Dictionary * * * … Financial and business terms
recovery — In its most extensive sense, the restoration or vindication of a right existing in a person, by the formal judgment or decree of a competent court, at his instance and suit, or the obtaining, by such judgment, of some right or property which has… … Black's law dictionary
Recovery, Inc. — ] Processes : For more details on this topic, see Recovery s method is essentially cognitive therapy; helping a person to be aware of possible errors or misconceptions in their perception of reality. Recovery developed its own language and… … Wikipedia
recovery — The amount which a claimant ultimately receives under or in consequence of a judgment. United States v Konstovich (CA4 Va) 17 F2d 84. In the usual sense, the amount of damages awarded. In a broader sense, the effect of any judgment rendered in… … Ballentine's law dictionary
Recovery of capital doctrine — In United States tax law the recovery of capital doctrine protects a portion of investment receipts from being taxed, namely the amount that was initially invested. This is because the investor is receiving his or her own money, which is being… … Wikipedia
