Words / R / Business

recycling

noun/ˌriːˈsaɪklɪŋ/

B2CEFR level
60/100Rarity: rare
TechnicalRegister

The reclassification of amounts previously parked in other comprehensive income into profit or loss once the underlying item is realized.

On disposal of the foreign subsidiary, the accumulated translation differences were recycled through the income statement.

Similar: reclassification

Topic: Accounting in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Accounting