recoupment
Americannoun
-
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.
Etymology
Origin of recoupment
First recorded in 1715–25; recoup ( def. ) + -ment ( def. )
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
The lawsuit seeks civil fines, the recoupment of ill-gotten gains, and an injunction against further violations.
From Reuters
“It’s a full recoupment of taxes you’d otherwise have to pay.”
From Seattle Times
DeVry has 20 days to file an appeal if it wishes to contest the agency’s recoupment request, Education Department officials said.
From New York Times
Schmauder added that the Army was requesting that the Defense Financing Accounting Service “seek recoupment from you of a debt in the amount of $38,557.06.”
From Washington Post
At the same time, the judge awarded the lawyers an additional $1 million in legal fees and costs for what she described as extra work to ensure “a proper accounting and recoupment of misdirected settlement funds.”
From Los Angeles Times
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
