Recoupment Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Recoupment, written in plain English, along with examples of how it is used.
What is 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.