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recoupment
[ ri-koop-muhnt ]
noun
- the act of regaining or getting something back, especially the equivalent of an amount invested, lost, etc.; recovery:
We’re relying on these key projects for recoupment of development costs and cash flow to fund further expansion.
- the act of paying someone back for an expense; reimbursement:
The company was not entitled to any recoupment for the expense of employing counsel in connection with the alleged misconduct.
- Law. the act of withholding, with rightful claim, a portion of something due, as in exchange for an equivalent amount owed to the debtor by the creditor:
The buyer’s obligation to pay all amounts in full is absolute and unconditional and not subject to any reduction, deferment, or recoupment for any reason.
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Word History and Origins
Origin of recoupment1
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Example Sentences
Only the intense cold and the necessity of recoupment and re-equipment caused them to retire to Omsk.
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Related Words
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