recoupment

recoupment definition - legal

n

A recovery of expenses; a reduction or withholding for legitimate reasons, of part or all of an owed amount; a defendantÂ’s right to have part of the plaintiffÂ’s claim reduced as the result of a breach of contract by same in the course of the same deal.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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