What is the meaning of recoupment in English?

recoupment - Legal Definition n. 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.

Beside this, how do you use recoup in a sentence?

Examples of recoup in a Sentence It will be hard for us to recoup the loss. Movie studios can turn to video sales to recoup the costs of a movie that does poorly at the box office. She recouped only a portion of her investment.

Likewise, what does non recoupable mean? The preferred, non-recoupable advance is what a lot of artist want to get in their contracts. This non-recoupable advance means that you do still have to pay back the advance in your royalties but if your sales do not reach the required breaking point you do not owe money to the label.

Then, is recoup short for recuperate?

To boot, i thought “recoup” was an abbreviation of recuperate. In fact, they're two completely different words. Who knew? To recuperate is to regain strength or lost finances, and to recoup is to do the same thing … or to regain an equivalent amount to what was lost.

How do you recoup your losses?

When you recuperate, you get better after being sick. And when you recoup something, you get better or bounce back after a loss. Businesses that lose money try to recoup it by throwing a sale or cutting their budget. If a runner falls behind in a race but then speeds up to the front of the pack, he's recouped his lead.

What is recoup short for?

re·coup. Use recoup in a sentence. verb. To recoup is defined as to recover, replenish or gain back. An example of recoup is for a company to get back its losses.

How does recoup work?

Recoup is a personal finance tool web app you securely connect with your bank, credit card, mortgage, and other financial accounts. Recoup automatically detects new credit card and bank fees, files a refund claim, on your behalf, with your bank.

How do you spell Recoop?

verb (used with object) to get back the equivalent of: to recoup one's losses by a lucky investment. to regain or recover. to reimburse or indemnify; pay back: to recoup a person for expenses. Law. to withhold (a portion of something due), having some rightful claim to do so.

How do you use relentless in a sentence?

Sentence Examples

She had relentless determination to finish the project.
Their relentless use of water caused a flood in their lawn.
They were the most relentless of all the warriors.
He led a strong fight against the relentless rulings of the committee.
Albert was a man of relentless energy and boundless ambition.

How do you use rivulet in a sentence?

rivulet Sentence Examples

For eight months of the year the Jumna shrinks to the dimensions of a mere rivulet, meandering through a waste of sand.
To the south the rivulet of the Mance soon forms a formidable obstacle as its bed cuts its way through the sandstone.

What is Recup?

RECUP is a deposit system for reusable cups. I.e. Coffee drinkers rent their cup and may return it to every participating partner shop.

What are recoupable expenses?

A recoupable expense is simply an expense that a distributor or sales agent fronts to your film.

What does a 360 record deal mean?

In the music industry, a 360 deal (from 360° deal) is a business relationship between an artist and a music industry company. In turn, the artist agrees to give the company a percentage of an increased number of their revenue streams, often including sales of recorded music, live performances, publishing and more.

What is negative tour support?

American Gothic doom metal band Type O Negative have announced details of their upcoming tour of the United States. The supporting act for the entire tour is confirmed to be Lordi, a Finnish melodic hard rock band known for their monster costumes and lyrical themes.

What is a recoupment claim?

Recoupment is the setting forth of a demand arising from the same transaction as the plaintiff's claim, to abate or reduce that claim. It is the means used to determine the proper liability on the amounts owed. Recoupment asserted as a defense is not an "offset" to a claim.

What is an advance in music?

An “advance” is almost always defined as a pre-payment of royalties, whether the advance is paid by record company to an artist, a publisher to a writer or a merchandiser to an artist. An advance is also sometimes called a “minimum guarantee”. Advances in the music industry do not earn interest and are not loans.

What is a recoupable advance?

A Recoupable Advance is a pre-payment for a product or service. Say you want your house re-shingled. I could approach you, give you a quote for $5,000.00, requiring an advance payment of $1,500.00, so when the work is done you only owe me $3,500.00. That is a simplified explanation.

What does it mean when a production recoups?

Put simply, Breglio says, "Recoupment is the point at which the producer has repaid to his investors all the money that he raised to develop, mount and produce the show." All that money is referred to collectively as the capitalization.

What is healthcare recoupment?

A: A recoupment is a request for refund when we overpay an account. Some of the most common reasons for a recoupment are: We are not aware of a patient's other health insurance coverage. We paid the same charge more than once. We paid the wrong health care provider or person.

What does advance against royalties mean?

In the field of intellectual property licensing, an advance against royalties is a payment made by the licensee to the licensor at the start of the period of licensing (usually immediately upon contract, or on delivery of the property being licensed) which is to be offset against future royalty payments.