Recoupment

recoupment 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 NOTE: Recoupment involves the type of claim that now must be asserted in a compulsory counterclaim. ...

equitable recoupment

equitable recoupment : a doctrine that allows the government to collect a tax or a taxpayer to collect a refund of tax after the running of the statute of limitations for such collection in cases where the statute of limitations creates an inequitable result ...

recoup

recoup : recover [would the overpayment from current claims payments "City of Cordova v. Medicaid Rate Commn., 789 P.2d 346 (1990)"] ...

Recoup

To keep back rightfully a part as if by cutting off so as to diminish a sum due to take off a part from damages to deduct as where a landlord recouped the rent of premises from damages awarded to the plaintiff for eviction...

Recouper

One who recoups...

Recoupment

The act of recouping...

Recoup

Recoup, to keep back something due; to recompense....

Recoupment

Recoupment, The recovery or regaining of some-thing, esp. expenses, Black's Law Dictionary, 7th Edn., 1280....

set-off

set-off 1 : the reduction or discharge of a debt by setting against it a claim in favor of the debtor ;specif : the reduction or discharge of a party's debt or claim by an assertion of another claim arising out of another transaction or cause of action against the other party 2 a : a right to seek reduction or discharge of a debt or claim by countering a party's claim with an independent claim b : a counterclaim made by a defendant against a plaintiff for reduction or discharge of a debt by reason of an independent debt owed by the plaintiff to the defendant compare recoupment ...

set-off

set-off 1 : the reduction or discharge of a debt by setting against it a claim in favor of the debtor ;specif : the reduction or discharge of a party's debt or claim by an assertion of another claim arising out of another transaction or cause of action against the other party 2 a : a right to seek reduction or discharge of a debt or claim by countering a party's claim with an independent claim b : a counterclaim made by a defendant against a plaintiff for reduction or discharge of a debt by reason of an independent debt owed by the plaintiff to the defendant compare recoupment ...

Recoupment - Law Dictionary Search Results