What does Counterclaim mean? Read on to discover the definition & meaning of the term Counterclaim - to help you better understand the language used in insurance policies.
A claim for relief filed by the defendant in a civil case in opposition to the claim of the plaintiff. For example, after a bank sues a customer to recover an unpaid debt, the customer files a counterclaim against the bank alleging fraud in procuring the debt.
We hope the you have a better understanding of the meaning of Counterclaim.