Word forms: (present) reclassifies, (past) reclassified, (perfect) reclassified, (progressive) reclassifying
verbWord builderThe prefix re- often appears in words that relate to doing something again. (Accounting: Financial statements) If you reclassify a transaction, you change the way in which it is classified. ⇒ Costs were simply reclassified as capital expenses to boost cash flow and profits. ⇒ Capital gains tax deters people from trying to avoid income tax by reclassifying income as capital gains. ⇒ If you reclassify a transaction, you change the way in which it is classified.
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