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derecognize

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de·rec·og·nize  (d-rkg-nz)
tr.v. de·rec·og·nized, de·rec·og·niz·ing, de·rec·og·niz·es
To rescind formal, especially diplomatic recognition of: a proposal to derecognize the outlaw terrorist state.

de·recog·nition (-nshn) n.

derecognize, derecognise [diːˈrɛkəgˌnaɪz]
vb (tr)
1. (Business / Industrial Relations & HR Terms) to cease to recognize a trade union as having special negotiating rights within a company or industry
2. (Business / Industrial Relations & HR Terms) to advise (a trade union) of such action
derecognition  n
ThesaurusLegend:  Synonyms Related Words Antonyms
Verb1.derecognize - cause to be no longer approved or accepted; "Carter derecognized Taiwan in 1979 after the U.S. recognized the People's Republic of China"


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Recognizing the tax law's complexity and perceived inconsistency regarding when to recognize, derecognize and measure tax attributes, FASB issued FIN 48 to promote greater consistency of and comparability in reporting income tax assets and liabilities.
Owing to this lack of guidance, the FASB has observed that "diverse accounting practices have developed resulting in inconsistency in the criteria used to recognize, derecognize, and measure benefits related to income taxes.
In order to derecognize, it must be more likely than not.
 
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