equitable recoupment

equitable recoupment
A reduction of the claim affirmatively urged in an action so far as in reason and action it ought to be reduced. Gooch Mill & Elevator Co. v Commissioner (CA8) 133 F2d 131, revd on other grounds 320 US 418, 88 L Ed 139, 64 S Ct 184. The doctrine of recoupment exists in equity as well as at law, and has been said to be equitable in nature. 20 Am J2d Count § 6. See recoupment.

Ballentine's law dictionary. . 1998.

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