recoupment


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re·coup

 (rĭ-ko͞op′)
v. re·couped, re·coup·ing, re·coups
v.tr.
1.
a. To get back; recover or regain: recoup a loss; recoup one's dignity.
b. To gain an amount equal to (an outlay or investment): expected to recoup the development costs in three years.
c. To restore; replenish: "urged [her] to catch up on sleep and recoup her utterly spent resources" (Bernard Lown).
2. To reimburse (someone) for a loss or expenditure.
3. Law To reduce (the amount of a monetary claim made by a party in a legal action) because of a failure of that party to perform an obligation under the contract or law related to the claim.
v.intr.
To recover from loss or exhaustion; recuperate: needed to recoup after the strenuous campaign.

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

re·coup′a·ble adj.
re·coup′ment n.
Translations
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References in periodicals archive ?
DETROIT, April 30, 2015 /PRNewswire/ -- The UAW Retiree Medical Benefits Trust ("Trust") commends the Bank of America Corporation ("Bank") on its agreement to develop a Compensation Recoupment & Forfeiture Disclosure Policy" ("Policy") by 2016 to guide its decisions to publicly disclose the clawback of senior executive pay as a result of certain misconduct.
For many SNFs, it's a matter of when, not if, the facility will be subject to an audit and subsequent recoupment activity.
If they come back to you with a big recoupment or a really broad request, you may want to think about getting legal help.
An action for recoupment is based on a negligence theory of liability, but it does not require establishing that an executive's conduct caused the financial institution any harm.
At a lesser level, if the Department could just defray even a small percentage of program costs through recoupment of expenditures, we would be much better off.
The appendices provide sample letters and list intermediaries, prompt payment regulations, and refund recoupment statues by state.
Specifically, this testimony describes: (1) PBGC's process for determining the amount of benefits to be paid; and (2) PBGC's recoupment process when the estimated benefit provided is too high and a retiree receives an overpayment that must be repaid.
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.
The Tax Court held that where it has original jurisdiction to redetermine a deficiency, it also may apply the doctrine of equitable recoupment, even if it does not have jurisdiction over the type of tax at issue.
Furthermore, Congress should clarify how any government recoupment process provision would apply to all affected parties.
For decades, the attention of courts and commentators has been focused on the price-cost test in predatory pricing doctrine, rather than the recoupment test.