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 )

Example Sentences

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

Related Words

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