Unused or improperly used funds recovered by the Bank in cases where it is determined that AHP grant funds are no longer being used for the purpose approved by the Bank.

capture again; "recapture the escaped prisoner"

A provision in a contract that allows one party to recover (recapture) some degree of possession of an asset, such as a share of the profits derived from some property.

If a player responds to the opponent's capture of one of his pieces by capturing the enemy piece involved, he is said to have recaptured the piece.

A clause in a lease agreement providing for lessor's retaking or recovering possession of the premises, usually by cancellation of the lease under certain conditions.

The process in which the cedant recovers the liabilities that have been previously transferred to a reinsurer.

(1) When the IRS recovers the tax benefit of a deduction or a credit previously taken by a taxpayer, which is often a factor in foreclosure since there is a forgiveness of debt. (2) As used in leases, a clause giving the lessor a percentage of profits above a fixed amount of rent; or in a percentage lease, a clause granting the landlord a right to terminate the lease if the tenant fails to realize minimum sales.

The act of rescinding and recovering a credit or deduction previously taken

The process of an owner recovering money invested, by employing the use of a rate of interest necessary to provide for the return of an investment. NOTE: Do not confuse this with the interest rate, which is a rate of return on an investment.

the act of taking something back

experience anew; "She could not recapture that feeling of happiness"

take up anew; "The author recaptures an old idea here"

take back by force, as after a battle; "The military forces managed to recapture the fort"

The recovery of funds invested, i.e., the return of an investment as opposed to a return on an investment. Applies to capitalization rates and also tax considerations and capital cost allowance.

The inclusion of a previously deducted or excluded amount in gross income or tax liability. Recapture may be applicable to accelerated depreciation, cost recovery, amortization, and various credits.

The rate of interest necessary to provide for the return of an investment. A provision in tax laws that reduces certain benefits from claiming depreciation. Back to the Top

Amount of depreciation or section 179 deduction that must be reported as ordinary income when property is sold at a gain.

The reclamation by the IRS, of tax deductions or credits previously taken by a taxpayer. In particular depletion, accelerated depreciation; tax credits are subject to recapture.

The undoing of a tax benefit if certain requirements are not met in future years. For example: (1) The low-income housing credit may be recaptured or added back to tax if the credit property ceases to be used as low-income housing for a minimum number of years. (2) The alimony deduction may be retroactively lost or recaptured if payments do not continue at the requisite level for a minimum number of years.

To include as income on your return an amount allowed or allowable as a deduction in a prior year.

Recapture refers to the taxable gain produced when an asset is sold for an amount which exceeds its depreciated basis. The prospect of triggering recapture is often a deterrent to selling partnership assets due to the negative tax consequences which result.

1. A condition set by the seller of an asset that gives him/her the right to purchase back some or all of the assets within a certain period of time. 2. A situation where an individual must add back a deduction from a previous year to their income.

Contract clause, which may allow the prior owner to recover the property under certain circumstances. Alternately, return of an owner's investment through, among other things depreciation allowance.