Recoupment - Meaning, Definition & English Examples
Recoupment means recovering or regaining something lost, especially money or costs. It often refers to compensating for expenses or losses through repayment, reimbursement, or offsetting gains.
Definition:
The act of regaining or recovering something, especially costs or losses.
Synonyms:
recovery, reimbursement, compensation, restitution
Part of Speech:
noun
Antonyms:
loss, forfeiture
Common Collocations:
financial recoupment, cost recoupment, legal recoupment
Derivatives:
recoup, recouped, recouping
Usage Tips:
Use "recoupment" in financial or legal contexts to describe recovering losses or expenses.
Common Phrases:
recoupment of costs, seek recoupment, full recoupment
Etymology:
From French "recouper," meaning to recover or regain, derived from Latin "recuperare."
Examples:
- 1. The company sought recoupment for the damages caused by the breach of contract.
- 2. Tax deductions allow for partial recoupment of business expenses.
- 3. The lawsuit aimed at the recoupment of unpaid wages was successful.
- 4. Investors hope for a quick recoupment of their initial investment.