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From: Webster's Revised Unabridged Dictionary (1913)

 Re·coup, Re·coupe  v. t.
 1. Law To keep back rightfully (a part), as if by cutting off, so as to diminish a sum due; to take off (a part) from damages; to deduct; as, where a landlord recouped the rent of premises from damages awarded to the plaintiff for eviction.
 2. To get an equivalent or compensation for; as, to recoup money lost at the gaming table; to recoup one's losses in the share market.
 3. To reimburse; to indemnify; -- often used reflexively and in the passive.
    Elizabeth had lost her venture; but if she was bold, she might recoup herself at Philip's cost.   --Froude.
    Industry is sometimes recouped for a small price by extensive custom.   --Duke of Argyll.