Recoupment
Glossary of Technical Terms, Phrases, and Maxims of the Common Law · Frederic Jesup Stimson · 1881
Glossary of Technical Terms, Phrases, and Maxims of the Common Law
A deduction made for a past claim in satisfying a present demand, both claims arising in the same matter, therein differing from Set-off. Discount: a present deduction made in satisfying a future claim.