The scheduled period for which a certain asset will be used. Assets such as cars or machinery that can depreciate are often written off for this period of time, but new tax laws are starting to make use of Recovery Periods instead.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser