Recouping
Recouping refers to the process of recovering losses, expenses, or resources that have been spent or lost. This term is often used in financial contexts, where an individual or organization takes measures to regain money that has been invested or lost due to unforeseen circumstances. The act of recouping may involve strategic planning or implementing corrective actions to restore a previous state of financial health.
Recouping meaning with examples
- After the unfortunate downturn in the stock market, investors began recouping their losses by diversifying their portfolios, which provided them the opportunity to recover the lost capital over time through a balanced approach to risk management.
- The small business owner faced significant challenges after an unexpected setback due to a pandemic; however, by adjusting her marketing strategy and focusing on online sales, she started recouping lost revenue and gradually restoring her company's profitability.
- Athletes who undergo injuries often have to engage in a long rehabilitation process, which is critical for recouping their physical capabilities and returning to their sport at an elite level, ensuring they can compete effectively once again.
- In post-disaster recovery, municipalities implement various initiatives aimed at recouping funds to facilitate the rebuilding of infrastructure, demonstrating resilience and a commitment to restoring the community to its former glory after significant damage.
- During tax season, individuals often look for ways of recouping excess taxes paid throughout the year, utilizing deductions and credits to ensure they receive a refund that can support their financial goals.