recoupment

[ri-koop-muhnt]

noun

1. 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.

2. 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.

3. 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.

Word History and Origins

Origin of recoupment¹

First recorded in 1715–25; recoup ( def. ) + -ment ( def. )

Related Words

• allowance 
• benefit 
• bonus 
• coverage 
• earnings 
• fee 
• indemnity 
• pay 
• payment 
• payoff 
• premium 
• profit 
• redress 
• reimbursement 
• remittance 
• remuneration 
• reparation 
• restitution 
• reward 
• salary