Define: Recoupment

UK Accounting Glossary

Definition: Recoupment


Quick Summary of Recoupment


A recovery of what had been lost.



What is the dictionary definition of Recoupment?

Dictionary Definition


  1. Direct or indirect recovery of funds spent (such as Research & Development (R&D) costs) on an activity (such as from licensing the resulting know-how).
  2. The 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 fulfil the terms of the same transaction) that is the subject matter of the case.

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Full Definition of Recoupment


A recovery of expenses; a reduction or withholding for legitimate reasons, of part or all of an owed amount; a defendant’s right to have part of the plaintiff’s claim reduced as the result of a breach of contract by same in the course of the same deal.

In the music industry, Recoupment is the common practice of claiming an advance provided to an artist back from that artist rather than from related sources.

Many record labels practice recoupment, and most new artists have little choice but to accept it since they lack the negotiating power to obtain a better contract.


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Synonyms For Recoupment


recovery, cover, collection, assessment, covering


Cite Term


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Modern Language Association (MLA):
Recoupment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 02, 2020 https://payrollheaven.com/define/recoupment/.
Chicago Manual of Style (CMS):
Recoupment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/recoupment/ (accessed: April 02, 2020).
American Psychological Association (APA):
Recoupment. PayrollHeaven.com. Retrieved April 02, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/recoupment/

Definition Sources


Definitions for Recoupment are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th December 2019.