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recoupment

 

Definitions from the Web

Recoupment

Noun:

The act of recovering or regaining something, especially losses or expenses.

Example: The company implemented a new cost-cutting strategy in order to achieve recoupment after a financial setback.

Noun:

A legal process of recovering money owed through deductions or withholding.

Example: The landlord initiated recoupment of the unpaid rent by withholding the security deposit.

Verb:

To regain or recover (losses or expenses).

Example: The business had to recoup its investment by increasing sales in the following quarter.

Verb:

To deduct or withhold (money owed) to recover a debt.

Example: The bank started recoupment of the overdue loan by garnishing the borrower's wages.

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