Recoveries refer to:
A) the dollar value of loans actually written off as uncollectible.
B) the dollar amount of loans that were previously charged-off but now collected.
C) net charge-offs.
D) loans not currently accruing interest.
E) loans that regulators have required the bank to "recover".

Question

Quizplus · Accepted Answer

Recoveries refer to the dollar amount of loans that were previously charged-off but now collected. This means that the bank was able to recover some or all of the amount of a loan that had previously been written off as uncollectible.

Recoveries Refer To