Definition, Meaning & Synonyms
recoup-a-cost
verb
/rɪˈkuːp ə kɔːst/
Definition
To recover or regain an amount of money that has been spent or lost.
Examples
- After the damages were assessed, the company managed to recoup a portion of the cost through insurance.
- They implemented a new pricing strategy to recoup the costs of production.
- By selling surplus inventory, the business aimed to recoup its costs quickly.
Meaning
Recouping a cost involves taking steps to offset losses by earning back some or all of the money that went out.
Synonyms
- recover
- regain
- retrieve
- reimburse
- reclaim
