recoupment
Webster's Unabridged Dictionary:
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Re·coup·ment
n. (-ment)
The act of recouping.
Note: Recoupment applies to equities growing out of the very affair from which thw principal demand arises, set-off to cross-demands which may be independent in origin. Abbott.
West's Encyclopedia of American Law:
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Recoupment
This entry contains information applicable to United States law only.
To recover a loss by a subsequent gain. In pleading, to set forth a claim against the plaintiff when an action is brought against one as a defendant. Keeping back of something that is due, because there is an equitable reason to withhold it. A right of the defendant to have a deduction from the amount of the plaintiff's damages, for the reason that the plaintiff has not complied with the cross-obligations or independent covenants arising under the same contract.
