n. the right of a defendant in a lawsuit to demand deduction from the amount awarded to plaintiff (party bringing the suit) of a sum due the defendant from the plaintiff in the transaction which was the subject of the lawsuit. Example: Laura Landlord sues Tillie Tenant for nonpayment of rent, Tenant is entitled to deduct a deposit made at the comme...
Found on
http://dictionary.law.com/Default.xhtml?selected=1754
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 but to accept it since they lack the negotiating power to obtain a better contract. Recoupmen...
Found on
http://en.wikipedia.org/wiki/Recoupment
• (n.) The act of recouping.
Found on
http://thinkexist.com/dictionary/meaning/recoupment/
(n) Recoupment is the recovery of amount due to a person, by deducting the same from the amount due, decreed to pay or otherwise become payable, to the other party. In a way it is settling of the admitted claim by paying the balance or difference.
Found on
http://www.encyclo.co.uk/local/21213
Re·coup'ment (-m
e nt)
noun The act of recouping. »
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. Found on
http://www.encyclo.co.uk/webster/R/27
1) The reduction of a successful plaintiff's judgment by an amount the plaintiff owes the defendant arising from the same transaction. For example, if a landlord wins an action against a tenant for failing to pay rent, the tenant might be entitled to recoupment for periods of time when the property was uninhabitable and, therefore, the tenant was n...
Found on
http://www.nolo.com/dictionary/recoupment-term.html
No exact match found.
