recoupment in a sentence
n.
📚 Grade Level: Grade 10, Grade 11, Grade 12
Definition
Recoupment is the act of recovering or reclaiming losses or damages, often through financial compensation or strategic measures.
Sample Sentences
- The company implemented a recoupment strategy to recover lost profits from previous years.
- After the lawsuit, the plaintiff sought recoupment for the damages incurred during the accident.
- Investors were hopeful for recoupment of their initial costs as the market began to recover.
- The insurance policy included a clause for recoupment of expenses related to the claim.
- Recoupment of funds is essential for maintaining the financial stability of the organization.