Definition - Noun 1: the process or fact of recouping <~ 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: a reduction in damages because of a demand by the defendant arising out of the same occurrence or transaction c: the right of a defendant to have the claim of the plaintiff reduced or eliminated by reason of a breach of contract or duty by the plaintiff in the same occurrence or transaction also : an affirmative defense alleging such a breach d: a counterclaim that arises out of the same occurrence or transaction as that of the original action compare set-off Recoupment involves the type of claim that now must be asserted in a compulsory counterclaim. Pronunciationri-'küp-m&nt
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