Home » Accounting Terms Dictionary » Recoupment

Definition Of Recoupment:

1. Direct or indirect recovery of funds spent (such as R&D costs) on an activity (such as from licensing the resulting know how).
2. Right of a defendant to claim elimination or reduction of the plaintiff's claim due to plaintiff's breach in performing the same contract (or failure to fulfill the terms of the same transaction) that is the subject matter of the case.

Other Definition Of Accounting Terms:

Recurring Cost
Recurring Entry
Red Ink
Redeemable Debenture
Redeemable Preference Shares
Redeemable Preferred Stock

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