A reduction or rebate in proceeds claimed by a party arising from the same transaction with another party, as opposed to a "set off" which arises from a transaction that is collateral or somehow related to the same transaction. (Bernstein's Dictionary of Bankruptcy Terminology)
United Glossary of Bankruptcy Terms 2012.
A reduction or rebate in proceeds claimed by a party arising from the same transaction with another party, as opposed to a "set off" which arises from a transaction that is collateral or somehow related to the same transaction.
US Bankruptcy 2012.
Glossary of Bankruptcy.
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recoupment — re·coup·ment /ri küp mənt/ n 1: the process or fact of recouping recoupment of expenses 2 a: a keeping back of all or part of a sum sought by a plaintiff in the interest of equity see also equitable recoupment b … Law dictionary
Recoupment — is the practice, common in the music industry, of claiming an advance provided to an artist back from that artist rather than (or, as well as) from related sources. Many record labels practice recoupment, and most new artists have little choice… … Wikipedia
Recoupment — Re*coup ment ( ment), n. The act of recouping. [1913 Webster] Note: Recoupment applies to equities growing out of the very affair from which thw principal demand arises, set off to cross demands which may be independent in origin. Abbott. [1913… … The Collaborative International Dictionary of English
recoupment — /rakuwpmant/ To recover a loss by a subsequent gain. In pleading, to set forth a claim against the plaintiff when an action is brought against one as a defendant. A keeping back something which is due, because there is an equitable reason to… … Black's law dictionary
recoupment — Literally, a cutting back. Davenport v Hubbard, 46 Vt 200. A deduction from a money claim whereby cross demands arising out of the same transaction are allowed to compensate one another, the balance only to be recovered. National Cash Registet Co … Ballentine's law dictionary
recoupment — recoup ► VERB ▪ regain (a loss). DERIVATIVES recoupable adjective recoupment noun. ORIGIN French recouper retrench, cut back … English terms dictionary
recoupment — noun see recoup … New Collegiate Dictionary
recoupment — See recoupable. * * * … Universalium
recoupment — noun A recovery of what had been lost. See Also: recoup … Wiktionary
recoupment — rÉª kuËpmÉ™nt n. payment, reimbursement; deduction, act of withholding; compensation, restitution … English contemporary dictionary