Recoverable Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Recoverable, written in plain English, along with examples of how it is used.

What is Recoverable?

(Adj) Recoverable is the amount a person is entitled to claim by way of his legitimate right. For example if a property is pledged with a person, in the event of failure he can recover the amount due to him only. The balance if any will goes to the owner.