Corporate Recovery

Business, Legal & Accounting Glossary

Definition: Corporate Recovery



Full Definition of Corporate Recovery


Corporate recovery is the term given to the rescues undertaken by professional accountants, who are professionally trained, to assist the management of companies in nursing a company in financial and other difficulty back to health.

This work is usually undertaken at the behest of the directors of the company and is normally undertaken by licensed insolvency practitioners.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/corporate-recovery/
Modern Language Association (MLA):
Corporate Recovery. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 22, 2020 https://payrollheaven.com/define/corporate-recovery/.
Chicago Manual of Style (CMS):
Corporate Recovery. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/corporate-recovery/ (accessed: September 22, 2020).
American Psychological Association (APA):
Corporate Recovery. PayrollHeaven.com. Retrieved September 22, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/corporate-recovery/

Definition Sources


Definitions for Corporate Recovery are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 19th April, 2020 | 4 Views.