Asset Recovery
Asset Recovery, also called investment recovery or resource recovery, is the process of maximizing the value of unused or end of life assets through effective reuse or divestment. Both large and small organizations practice asset recovery at some level with the end goal of obtaining the greatest possible return from the asset. While sometimes referred to in the context of a company that is being liquidated, Asset Recovery is also used to describe the process of liquidating excess inventory of healthy companies, refurbished items and equipment returned at the end of a lease. The asset recovery process has three main parts: idle asset identification, redeployment, and divestment.
Asset recovery can also refer to the task of recovery of assets that have been wrongfully taken either stolen, fraudulently misappropriated or otherwise disposed of to remove them from their rightful owner.
Read more about Asset Recovery: Idle Asset Identification, Internal Redeployment, Surplus Asset Disposition, Investment Recovery Specialists
Famous quotes containing the words asset and/or recovery:
“Imagination is a valuable asset in business and she has a sister, Understanding, who also serves. Together they make a splendid team and business problems dissolve and the impossible is accomplished by their ministrations.... Imagination concerning the world’s wants and the individual’s needs should be the Alpha and Omega of self-education.”
—Alice Foote MacDougall (1867–1945)
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—Bible: New Testament Acts, 3:8.
Referring to the miraculous recovery of a lame man, through the intervention of Peter.