Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,913,261,441 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Recoupment

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
re·coup  (r-kp)
v. re·couped, re·coup·ing, re·coups
v.tr.
1. To receive an equivalent for; make up for: recoup a loss. See Synonyms at recover.
2. To return as an equivalent for; reimburse.
3. Law To deduct or withhold (part of something due) for an equitable reason.
v.intr.
To regain a former favorable position.
n.
The act of recouping.

[Middle English recoupen, to cut short, from Old French recouper, to cut back : re-, re- + couper, to cut (from coup, blow; see coup).]

re·coupa·ble adj.
re·coupment n.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Dictionary browser?   Full browser?
 
The bill addresses the projected deficit in the Unemployment Compensation (UC) Trust Fund by increasing the wage base on which unemployment benefits are calculated from $7,000 to $8,500 and shortening the recoupment period from 4 years to 3 years for the next 5 years.
The Bankruptcy Code expands on these rights by providing special treatment for 20-day claims--sums due for goods and services provided within 20 days prior to a bankruptcy filing--and by allowing setoff and recoupment against sums due by the supplier to the customer.
An amendment to IRC [section] 6214(b) included in the Pension Protection Act of 2006 empowers the Tax Court to apply equitable recoupment to offset overpayments of hospital insurance taxes (the Medicare portion of FICA) against income tax deficiencies, according to the court's ruling in Menard Inc.
 
 
 
Dictionary, Thesaurus, and Translations
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.